Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 04 Aug 2017 My Price 7.00

Troy Company

Weighted-Average Number of Shares

Compute the weighted-average number of shares outstanding for Troy Company, which has a simple capital structure, assuming that the following transactions in common stock occurred during the calendar year.

 

 

Number of Shares

Date

Transactions in Common Stock

$10 Par Value

Jan 1                         

Shares outstanding

44,000

Feb 1                         

Issued for cash

56,000

May 1                          

Acquired treasury stock

(25,000)

Aug 1                         

25% stock dividend

25% of shares outstanding

Sept 1                         

Resold part of treasury stock shares

10,000

Nov 1                         

Issued 3-for-1 stock split

 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 08:08 PM My Price 7.00

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