Question
On January 1, 2021, Blossom Corp. had 2,781,000 shares of common stock issued and outstanding. During 2021, it had the following transactions that related to
On January 1, 2021, Blossom Corp. had 2,781,000 shares of common stock issued and outstanding. During 2021, it had the following transactions that related to common stock.
| Mar. 1 | Issued 273,000 shares in exchange for land | |
| Apr. 1 | Acquired 216,000 shares of treasury stock | |
| July 1 | Issued a 20% stock dividend | |
| Sept. 1 | Reissued 259,200 shares of treasury stock (adjusted for 20% stock dividend) | |
| Oct. 1 | Issued a 2-for-1 stock split |
Determine the weighted average number of shares outstanding as of December 31, 2021.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
978-0131495388
