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deezee deezee
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5 years ago
ABC Inc. began business on January 1, 20x3. Due to difficulties in getting the business started,
30 common shares were issued on January 1, 20x3 to the organizers and 15 additional shares
were sold on that date. The company wanted the market to hear about the shares. Therefore, the
following share transactions were implemented during the year 20x3:
February 1: 2 for 1 stock split
April 1: 10 percent stock dividend
August 1: 5 for 1 stock split
December 1: 2 for 1 reverse stock split
The weighted average number of shares outstanding for 20x3 was:
A) 64.08 shares.
B) 146.25 shares.
C) 180.00 shares.
D) 247.50 shares.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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emanuell19emanuell19
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Posts: 353
5 years ago
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deezee Author
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5 years ago
White Checkmark
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5 years ago
...I assume it was right Smiling Face with Open Mouth
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