Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 1, 2020,WildhorseLtd. had522,000common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1Issued154,000shares. Mar. 1Issued a20%

On January 1, 2020,WildhorseLtd. had522,000common shares outstanding. During 2020, it had the following transactions that affected the common share account:

Feb. 1Issued154,000shares.

Mar. 1Issued a20% stock dividend.

May 1Acquired174,000common shares and retired them.

June 1Issued a2-for-1 stock split.

Oct. 1Issued43,000shares.

The company's year end is December 31.

Determine the weighted average number of shares outstanding as at December 31, 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2017

Authors: Jeanette Landin, Paulette Schirmer

3rd edition

1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180

More Books

Students also viewed these Accounting questions

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago