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Buffalo Corporation had 318,000 shares of common stock outstanding on January 1, 2017. On May...

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Accounting

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Buffalo Corporation had 318,000 shares of common stock outstanding on January 1, 2017. On May 1, Buffalo issued 32,700 shares. (a) Compute the weighted average number of shares outstanding if the 32,700 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted average number of shares outstanding if the 32,700 shares were issued in a stock dividend. Weighted average number of shares outstanding

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