Question
On January 1, 2021, Cheyenne Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Cheyenne Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2021.
| February 1 | Issued 123,000 shares | |
| March 1 | Issued a 10% stock dividend | |
| May 1 | Acquired 101,000 shares of treasury stock | |
| June 1 | Issued a 3-for-1 stock split | |
| October 1 | Reissued 57,000 shares of treasury stock |
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Using QuickBooks Online For Accounting 2022
Authors: Glenn Owen
5th Edition
0357516532, 9780357516539
