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Sunland Corporation had 324,000 shares of common stock outstanding on January 1,2025. On May 1,...

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Accounting

Sunland Corporation had 324,000 shares of common stock outstanding on January 1,2025. On May 1, Sunland issued 32,100 shares.
(a) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued for cash.
Weighted-average number of shares outstanding
(b) Compute the weighted-average number of shares outstanding if the 32,100 shares were issued in a stock dividend.
Weighted-average number of shares outstanding
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