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On January 1, 2021, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 97,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 62,000 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 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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