899000.Crane Company had 790000 shares of common stock outstanding on January 1, issued 121000 shares on...
| 899000.Crane Company had 790000 shares of common stock
outstanding on January 1, issued 121000 shares on May 1, purchased
60000 shares of treasury stock on September 1, and issued 50000
shares on November 1. The weighted average shares outstanding for
the year is
|
Homework Answers
| Common stock outstanding, Jan 1 | 790,000 |
| Common stock issued on May 1 (121,000*8/12) | 80,667 |
| Treasury stock on Sep 1 (60,000*4/12) | -20,000 |
| Stock issued on Nov 1 (50,000*2/12) | 8,333 |
| Weighted average shares outstanding | 859,000 |
Option B
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899000.Crane Company had 790000 shares of common stock
outstanding on January 1, issued 121000 shares on...
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