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Exercise 16-16 (Part Level Submission) On January 1, 2018, Sunland Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions
Exercise 16-16 (Part Level Submission) On January 1, 2018, Sunland Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 May 1 June 1 October 1 Rued 61,000 shares of treasury stock Issued a 10% stock dividend Acquired 104,000 shares of treasury stock Issued a 3-for-1 stock split Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding Click if you would like to Show Work for this question: Open Show Work
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