Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 1,2021, Sage Corp. had 2,847,000 shares of common stock issued and cutstanding During 2021. it had the following transactions that related to common

image text in transcribed
On January 1,2021, Sage Corp. had 2,847,000 shares of common stock issued and cutstanding During 2021. it had the following transactions that related to common stock. Mar. 1 Issued 264,000 shares in exchange for land Apr.1 Acquired 186,000 shares of treasury stock July 1 Issueda 20% stock dividend Sept 1 Reissued 223,200 shares of treasury stock (adjusted for 20% stock dividend) Oct, 1 Issued a 2-for-1 stock split (a) Determine the weighted awerage number of shares outstanding as of December 31,2021. The weighted-average number of shares outstanding

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Change Approaches And Perspectives

Authors: Chandana Alawattage, Danture Wickramasinghe

1st Edition

0415393329, 978-0415393324

More Books

Students also viewed these Accounting questions

Question

7. Conceptualize and plan for a field interview.

Answered: 1 week ago

Question

Is your management system defined?

Answered: 1 week ago

Question

Do you have a comprehensive communication plan for your strategy?

Answered: 1 week ago

Question

Do you have sufficiently ambitious milestones?

Answered: 1 week ago