Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb.
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 154,000 shares. Issued a 20% stock dividend. Acquired 174.000 common shares and retired them, Issued a 2-for-1 stock split Issued 43,000 shares The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to decimal places, es. 5,275.) Weighted average number of shares outstanding shares
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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