Compute the weighted-average number of shares outstanding

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Reference no: EM13864541

Tomba Corporation had 557,400 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 34,200 shares.

(a) Compute the weighted-average number of shares outstanding if the 34,200 shares were issued for cash.

Weighted-average number of shares outstanding

(b) Compute the weighted-average number of shares outstanding if the 34,200 shares were issued in a stock dividend.

Weighted-average number of shares outstanding

Reference no: EM13864541

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