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Andrews Corporation Began Business on January 1, 2011

Question 24

Multiple Choice

Andrews Corporation began business on January 1, 2011. Due to difficulties in beginning operations, the company issued 30 shares of common stock (par $10) on January 1, 2011, to the organizers. Fifteen additional shares were also sold on that date. The following also occurred during the year 2011:
Andrews Corporation began business on January 1, 2011. Due to difficulties in beginning operations, the company issued 30 shares of common stock (par $10) on January 1, 2011, to the organizers. Fifteen additional shares were also sold on that date. The following also occurred during the year 2011: The weighted average number of shares outstanding for 2011 was A) 64.08 shares. B) 146.25 shares. C) 180.00 shares. D) 247.50 shares.
The weighted average number of shares outstanding for 2011 was


A) 64.08 shares.
B) 146.25 shares.
C) 180.00 shares.
D) 247.50 shares.

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