Greenwell Coffee Company began operations on the first day of the year. On that day...
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Accounting
Greenwell Coffee Company began operations on the first day of the year. On that day they issued 10,000 shares. On March 1 they issued 18,000 shares and on July 1, another 30,000 shares. On December 1, Greenwell repurchased 6,000 shares of outstanding shares. Compute the weighted -average shares of stock for the first year of operation. (Round your final answer to the nearest whole number.)
A.
39,500
B.
40,000
C.
52,000
D.
40,500
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