Question
On January 1, 2021,FlintCorp. had487,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued122,000shares
On January 1, 2021,FlintCorp. had487,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 Issued122,000shares
March 1 Issued a 10% stock dividend
May 1 Acquired99,000shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued58,000shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2021.
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
