To acquire the net assets of three smaller companies, the company authorized the issuance of...
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To acquire the net assets of three smaller companies, the company authorized the issuance of an additional 311,000 common shares. The acquisitions were as follows: On May 14, 2023, Wildhorse realized a $95,000 gain (before tax) on a discontinued operation from a business segment that had originally been purchased in 2003. On December 31,2023 , the company recorded income of $691,000 before tax, not including the discontinued operation gain. Wildhorse has a 40% tax rate. (a) Calculate the weighted average number of common shares at December 31, 2023. Weighted average number of shares outstanding eTextbook and Media Attempts: 0 of 2 used Using multiple attempts will impact your score. 25% score reduction after attempt 1
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To acquire the net assets of three smaller companies, the company authorized the issuance of an additional 311,000 common shares. The acquisitions were as follows: On May 14, 2023, Wildhorse realized a $95,000 gain (before tax) on a discontinued operation from a business segment that had originally been purchased in 2003. On December 31,2023 , the company recorded income of $691,000 before tax, not including the discontinued operation gain. Wildhorse has a 40% tax rate. (a) Calculate the weighted average number of common shares at December 31, 2023. Weighted average number of shares outstanding eTextbook and Media Attempts: 0 of 2 used Using multiple attempts will impact your score. 25% score reduction after attempt 1 