Leshner Corporation began business on January 1,2014.Due to difficulties in beginning operations,the company issued 50 shares of common stock (par $10) on January 1,2014,to the organizers.Twenty additional shares were also sold on that date.The following also occurred during the year 2014:
The weighted average number of shares outstanding for 2014 was
A) 77 shares.
B) 175 shares.
C) 350 shares.
D) 385 shares.
Correct Answer:
Verified
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