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Exercise 16-16 On January 1, 2012, Chang Corp. had 564,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the
Exercise 16-16
On January 1, 2012, Chang Corp. had 564,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.
February 1 Issued 141,000 shares
March 1 Issued a 20% stock dividend
May 1 Acquired 115,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 79,900 shares of treasury stock
(A) Determine the weighted-average number of shares outstanding as of December 31, 2012.
| The weighted-average number of shares outstanding |
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