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FIN370 – Wildhorse Corporation had 297,000 shares

by | Nov 29, 2023 | Posted Questions

Wildhorse Corporation had 297,000 shares of common stock outstanding on January 1, 2017. On May 1, Wildhorse issued 32,400 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash.

Weighted-average number of shares outstanding?

?(b) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued in a stock dividend.

Weighted-average number of shares outstanding?

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