Question
On January 1, 2021, Crane Corp. had 479,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Crane Corp. had 479,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
| February 1 | Issued 117,000 shares | |
| March 1 | Issued a 10% stock dividend | |
| May 1 | Acquired 103,000 shares of treasury stock | |
| June 1 | Issued a 3-for-1 stock split | |
| October 1 | Reissued 59,000 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 |
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
