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On January 1, 2026, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common
On January 1, 2026, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. February 1 Issued 125,000 shares March 1 May 1 June 1 Issued a 10% stock dividend Acquired 98,000 shares of treasury stock Issued a 3-for-1 stock split October 1 Reissued 58,000 shares of treasury stock (a) Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding
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