Question
On January 1, 2021, Stellar Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Stellar Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 | Issued 120,000 shares | |||
March 1 | Issued a 10% stock dividend | |||
May 1 | Acquired 98,000 shares of treasury stock | |||
June 1 | Issued a 3-for-1 stock split | |||
October 1 | Reissued 58,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2021.
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