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On January 1, 2021, Headland Corp. had 463,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Headland Corp. had 463,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 118,000 shares Issued a 10% stock dividend Acquired 103,000 shares of treasury stock Issued a 3-for-1 stock split 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
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