Fowler Corporation began the year with 50,000 common shares issued. On April 1, Fowler issued 8,000 shares for cash. On July 1, Fowler issued another 6,000 shares for cash. Calculate the weighted average number of shares.

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The Answer of Fowler Corporation began the year with 50,000 common shares issued. On April 1, Fowler issued 8,000 shares for cash. On July 1, Fowler issued another 6,000 shares for cash. Calculate the weighted average number of shares.

Fowler Corporation Began the Year with 50,000 Common Shares Issued