On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000shares March 1 Issued a 10% stock dividend May 1 Acquired 100,000shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 63,000shares of treasury stock (a) * Your answer is incorrect. Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding 515500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
February 1 Issued 12000 shares of common stock March 1 Issued a 10 stock dividend May 1 Issued ...
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
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
