Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sunland limited had 42,000 common shares outstandi

Sunland Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020,...

90.2K

Verified Solution

Question

Accounting

Sunland Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Sunland issued 19,200 shares in exchange for equipment. On July 1, Sunland repurchased and cancelled 12,000 shares. On October 1, 2020, Sunland declared a 5for1 stock split. Calculate the weighted average number of shares outstanding for Sunland for the year ended December 31, 2020.

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

Accounting
1.2K views

Provide your personal summary on the article Neuroscience of Engagement by David Rock & Dr. Yiyuan...

General Management
1.2K views

Imagine that you work in the human resource department at Marriott’s corporate headquarters. Your team is...

Physics
1.2K views

Q No 11 The equivalent resistance between the terminal points A and B in the...

Physics
1.2K views

The energy E of a rotating object varies directly as the product of its angular...

Calculus
1.2K views

Evaluate the indefinite integral 17 cos 25

Accounting
1.2K views

Paul and Maria had the following transactions during the year: - Paul received...

Accounting
1.2K views

Which of the following results in the inventory on the balance sheet being stated at...

Accounting
1.2K views

Exercise 6-4 (Algo) Calculate inventory amounts when costs are rising (LO6-3) During the year, TRC...

Accounting
1.2K views

indudiry interelt. Assume a 360-day vear: If an amount box does not require an entry,...

Accounting
1.2K views

The following information is provided for Southall Company: What is this company's contribution margin? Multiple...

Accounting
1.2K views

Hunt Inc. intends to invest in one of two competing types of computer-aided manufacturing equipment:...

Accounting
1.2K views

1. Cool Car motors assembles and sells motor vehicles and uses standard costing. Actual data...