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On January 1, 2021, Whispering Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Whispering Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. Issued a 10% stock dividend February 1 Issued 117,000 shares March 1 May 1 June 1 Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split October 1 Reissued 62,000 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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