Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on 1 january 2018, a company's issued share capita

On 1 January 2018, a company's issued share capital consisted of 80,000 ordinary shares RO...

70.2K

Verified Solution

Question

Accounting

image

On 1 January 2018, a company's issued share capital consisted of 80,000 ordinary shares RO 1 each. On 1 july 2018, the company issued 50,000 ordinary shares. On 1 August 2018, the company bought back 30,000 ordinary shares. Both the share issue and the buy-back were made at full market price. Calculate the weighted average number of ordinary shares outstanding in the year 31 December 2018. A. 95,000 shares B. 100,000 shares O C. 92,500 shares D. None of the other option

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students