Multiple Choice
ABC Inc.began business on January 1,2014.Due to difficulties in getting the business started,30 common shares were issued on January 1,2014 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 2014: 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 2014 was: (Rounded to the nearest whole number)
A) 64 shares.
B) 146 shares.
C) 180 shares.
D) 248 shares.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Nonconvertible, cumulative, preferred shares affect the computation
Q58: On January 1, 2012, KAR had 60,000
Q88: Transactions that take place in the period
Q89: PPO Inc.discloses the following results and information
Q90: A firm has correctly computed the following
Q94: FED had 100 common shares issued and
Q96: A simple capital structure could have,in addition
Q97: DCE had 900 common shares outstanding on
Q128: Where there are significant changes in a
Q145: When different classes of common shares exist,