Weighted Average Shares At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding. During the year, it engaged in
Weighted Average Shares At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 42,000 shares of stock at $25 per share. June 1 Issued a 10% stock dividend. July 1 Issued 15,000 shares of stock at $30 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 89,000 shares as treasury stock at a cost of $33 per share. Nov. 30 Reissued 53,000 treasury shares at a price of $36 per share.
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