Multiple Choice
Greenwell Coffee Company began operations on the first day of the year.On that day they issued 10,000 shares.On March 1 they issued 20,000 shares and on July 1,another 30,000 shares.On December 1,Greenwell repurchased 5,000 shares of outstanding shares.Compute the weighted-average shares of stock for the first year of operation.
A) 60,000
B) 55,000
C) 41,250
D) 36,667
Correct Answer:
Verified
Correct Answer:
Verified
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