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Balm Co. had 100,000 shares of common stock outstanding as of January 1. The following events occurred during the year: 4/1 Issued 30,000 shares of
Balm Co. had 100,000 shares of common stock outstanding as of January 1. The following events occurred during the year:
4/1 | Issued 30,000 shares of common stock. |
6/1 | Issued 36,000 shares of common stock. |
7/1 | Declared a 5% stock dividend. |
9/1 | Purchased as treasury stock 35,000 shares of its common stock. Balm used the cost method to account for the treasury stock. |
What is Balm's weighted average of common stock outstanding at December 31?
131,000
162,342
139,008
150,675
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