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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
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