Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

On January 1, 2021, Bramble Corp. had 468,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock

On January 1, 2021, Bramble Corp. had 468,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1 Issued 115,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 96,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 63,000 shares of treasury stock

(a)

Determine the weighted-average number of shares outstanding as of December 31, 2021.

The weighted-average number of shares outstanding

enter the weighted-average number of shares outstanding as of December 31, 2018enter 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

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_2

Step: 3

blur-text-image_3

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

The Social Function Of AccountsReforming Accountancy To Serve Mankind

Authors: John Flower

1st Edition

1138645249, 9781138645240

More Books

Students explore these related Accounting questions