Question
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.
February 1 Issued 124,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 104,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 61,000 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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The Development Of The American Public Accounting Profession
Authors: T.A. Lee
1st Edition
0415403944, 9780415403948
