Question
On January 1, 2021, Shamrock Corp. had 488,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Shamrock Corp. had 488,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
| February 1 | Issued 115,000 shares | |
| March 1 | Issued a 10% stock dividend | |
| May 1 | Acquired 96,000 shares of treasury stock | |
| June 1 | Issued a 3-for-1 stock split | |
| October 1 | Reissued 61,000 shares of treasury stock |
Determine the weighted-average number of shares outstanding as of December 31, 2021.
| The weighted-average number of shares outstanding
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Economics Of Accounting Information In Markets
Authors: Peter Ove Christensen, Gerald Feltham
2nd Edition
1402072295, 9781402072291
