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On may 1 cullumber issued 27600 shares compute the

Exercise - Cullumber Corporation had 324,000 shares of common stock outstanding on January 1, 2017. On May 1, Cullumber issued 27,600 shares.

(a) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued for cash.

(b) Compute the weighted-average number of shares outstanding if the 27,600 shares were issued in a stock dividend.

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Accounting Basics: On may 1 cullumber issued 27600 shares compute the

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Accounting Basics: On may 1 cullumber issued 27600 shares compute the

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