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On January 1, 2018, Marigold Corp. had 474,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Marigold Corp. had 474,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.
February 1 | Issued 126,000 shares | |
March 1 | Issued a 10% stock dividend | |
May 1 | Acquired 100,000 shares of treasury stock | |
June 1 | Issued a 3-for-1 stock split | |
October 1 | Reissued 62,000 shares of treasury stock |
Determine the weighted-average number of shares outstanding as of December 31, 2018.
The weighted-average number of shares outstanding |
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