On January 1, 2021, Pearl Corp. had 497,000 shares of common stock outstanding. During 2021, it...

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On January 1, 2021, Pearl Corp. had 497,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 114,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 102,000 shares of treasur June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury Your answer is incorrect. Determine the weighted-average number of shares outstanding as of December 31, 2021. number of shares outstanding On January 1, 2021, Pearl Corp. had 497,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 114,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 102,000 shares of treasur June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury Your answer is incorrect. Determine the weighted-average number of shares outstanding as of December 31, 2021. number of shares outstanding