Question
On January 1, 2018, Tamarisk Corp. had 484,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock
On January 1, 2018, Tamarisk Corp. had 484,000 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 99,000 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.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started