At the Start of the Year, Ajax Corporation Had 300,000

question 9

Multiple Choice

At the start of the year, Ajax Corporation had 300,000 shares outstanding. On May 1, 30,000 shares were issued. On September 1, another 50,000 shares were issued. Calculate the weighted average shares outstanding.

• A) 336,667
• B) 340,000
• C) 346,667
• D) 350,000
• E) 367,667

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