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Leshner Corporation began business on January 1, 2014. Due to difficulties in beginning operations, the company issued 50 shares of common stock (par $10) on
Leshner Corporation began business on January 1, 2014. Due to difficulties in beginning operations, the company issued 50 shares of common stock (par $10) on January 1, 2014, to the organizers. Twenty additional shares were also sold on that date. The following also occurred during the year 2014:
| February 1 |
| 2-for-1 stock split |
|
| April 1 |
| 10 percent stock dividend |
| August 1 |
| 5-for-1 stock split |
|
| December 1 | 1-for-2 reverse stock split |
The weighted average number of shares outstanding for 2014 was
|
|
1) | 77 shares. |
|
|
2) | 175 shares. |
|
|
3) | 350 shares. |
|
|
4) | 385 shares. |
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