Question
On January 1, 2018, Coronado Corp. had 491,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Coronado Corp. had 491,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.
February 1 Issued 114,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 103,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 60,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2018.
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Accounting By The First Public Company The Pursuit Of Supremacy
Authors: Warwick Funnell , Jeffrey Robertson
1st Edition
0415716179, 1134747551, 9780415716178, 9781134747559
