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On January 1, 2018, Sunland Corp. had 501,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Sunland Corp. had 501,000 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 101,000 shares of treasury stock | |
June 1 | Issued a 3-for-1 stock split | |
October 1 | Reissued 57,000 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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