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Exercise 16-16 (Part Level Submission) On January 1, 2021, Blossom Corp. had 484,000 shares of common stock outstanding. During 2021, it had the following transactions
Exercise 16-16 (Part Level Submission) On January 1, 2021, Blossom Corp. had 484,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 116,000 shares Issued a 10% stock dividend Acquired 99,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) Determine the weighted average number of shares outstanding as of December 31, 2021. 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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