Andrews Corporation began business on January 1, 2011. Due to difficulties in beginning operations, the company issued 30 shares of common stock (par $10) on January 1, 2011, to the organizers. Fifteen additional shares were also sold on that date. The following also occurred during the year 2011:

The weighted average number of shares outstanding for 2011 was
A) 64.08 shares.
B) 146.25 shares.
C) 180.00 shares.
D) 247.50 shares.

Question

Andrews Corporation began business on January 1, 2011. Due to difficulties in beginning operations, the company issued 30 shares of common stock (par $10) on January 1, 2011, to the organizers. Fifteen additional shares were also sold on that date. The following also occurred during the year 2011:

The weighted average number of shares outstanding for 2011 was

The weighted average number of shares outstanding for 2011 was
A) 64.08 shares. 
B) 146.25 shares. 
C) 180.00 shares. 
D) 247.50 shares.

Quizplus · Accepted Answer

The Answer of Andrews Corporation began business on January 1, 2011. Due to difficulties in beginning operations, the company issued 30 shares of common stock (par $10) on January 1, 2011, to the organizers. Fifteen additional shares were also sold on that date. The following also occurred during the year 2011:

The weighted average number of shares outstanding for 2011 was
A) 64.08 shares. 
B) 146.25 shares. 
C) 180.00 shares. 
D) 247.50 shares.

Andrews Corporation Began Business on January 1, 2011