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Tomba corporation had shares

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Reference no: EM131107889

1. Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2010. On May 1, Tomba issued 30,000 shares. 

(a) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued for cash.

(b) Compute the weighted-average number of shares outstanding if the 30,000 shares were issued in a stock dividend. 

Reference no: EM131107889

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