Exercise 16-16 (Part Level Submission)

On January 1, 2018, Monty Corp. had 484,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 116,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 99,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock Collapse question part

(a) Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding