Question
Exercise 2-3 On January 1, 2021, a company had 404,000 shares of common stock outstanding. During the year, it had the following transactions that affected
Exercise 2-3
On January 1, 2021, a company had 404,000 shares of common stock outstanding. During the year, it had the following transactions that affected the common stock account.
April 1 Acquired 68,000 shares of treasury stock
July 1 Issued a 20% stock dividend
October 1 Issued a 3-for-1 stock split
What is the weighted-average number of shares outstanding as of December 31, 2021?
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Auditing Theory And Practice
Authors: C. William Thomas
1st Edition
0534013880, 978-0534013882
