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Leshner Corporation Began Business on January 1,2014

Question 24

Multiple Choice

Leshner Corporation began business on January 1,2014.Due to difficulties in beginning operations,the company issued 50 shares of common stock (par $10) on January 1,2014,to the organizers.Twenty additional shares were also sold on that date.The following also occurred during the year 2014: Leshner Corporation began business on January 1,2014.Due to difficulties in beginning operations,the company issued 50 shares of common stock (par $10) on January 1,2014,to the organizers.Twenty additional shares were also sold on that date.The following also occurred during the year 2014: The weighted average number of shares outstanding for 2014 was A) 77 shares. B) 175 shares. C) 350 shares. D) 385 shares. The weighted average number of shares outstanding for 2014 was


A) 77 shares.
B) 175 shares.
C) 350 shares.
D) 385 shares.

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