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Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

05 / 03 / 2018 Assignment

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Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2010. On May 1, Tomba issued 30,000 shares.
(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.
(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.


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