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Weighted-average number of shares outstanding

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Wildhorse Corporation had 297,000 shares of common stock outstanding on January 1, 2017. On May 1, Wildhorse issued 32,400 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash.

Weighted-average number of shares outstanding?

(b) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued in a stock dividend.

Weighted-average number of shares outstanding?

Reference no: EM131696009

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