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Compute the weighted-average number of shares

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Reference no: EM131811634

Tomba Corporation had 571,800 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 32,100 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued for cash.

Weighted-average number of shares outstanding $

(b) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued in a stock dividend.

Weighted-average number of shares outstanding $

Reference no: EM131811634

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