Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.

Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend.

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.


Price: £ 45

100% Plagiarism Free & Custom Written, Tailored to your instructions

Leave your Comments


Can't read the image? click here to refresh