On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the...
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On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000shares March 1 Issued a 10% stock dividend Acquired 100,000shares of treasury stock May 1 June 1 October 1 Issued a 3-for-1 stock split Reissued 63,000shares of treasury stock (a) Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000shares March 1 Issued a 10% stock dividend Acquired 100,000shares of treasury stock May 1 June 1 October 1 Issued a 3-for-1 stock split Reissued 63,000shares of treasury stock (a) Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding
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