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On January 1, 2018, Oriole 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, Oriole 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 116,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 96,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 59,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2018.
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