Sheridan Corporation had 324,000 shares of common stock outstanding on January 1, 2017. On May...
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Accounting
Sheridan Corporation had 324,000 shares of common stock outstanding on January 1, 2017. On May 1, Sheridan issued 27,600 shares. (a) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued for cash.
| Weighted-average number of shares outstanding |
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(b) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued in a stock dividend.
| Weighted-average number of shares outstanding |
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