i Safarl Fle Edit Vlew History Bookmarks Develop Window Hep 97% -*-\' Thu 5:30 P

Question

i Safarl Fle Edit Vlew History Bookmarks Develop Window Hep 97% -*-' Thu 5:30 PM qeeE Return to Intermediate Accounting, 15e WileyPLUS ' ASSIGNMENT RE Tom"Corporaticn nod 594,900 shares of common stock cutstandng on Janusry L, 2014. On May 1, Tcmbe issued 5e,500 shares. (a) Compute the weighted-overage number of sharos outstanding if the S8,500 snses were issued for cash. Weighted-yverse number ut shares outstanding 2xerce 18-1 xercia 16-7 xendiea 16-1 Screen Shot weighted-averag number of shares outstanding Question Attempts: 0 of 3 used V LATE Ohjective

Explanation / Answer

a Weighted-average number of shares outstanding=594900+(58500/12*8)= 633900 b Weighted-average number of shares outstanding=594900+58500= 653400

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