612,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 154,000 shares. (a) Issued a 10% stock dividend. Acquired 166,000 common shares and retired them. Issued a 3-for-1 stock split. Issued 61,000 shares. The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares Please don't provide solution in an image format thank you
612,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 154,000 shares. (a) Issued a 10% stock dividend. Acquired 166,000 common shares and retired them. Issued a 3-for-1 stock split. Issued 61,000 shares. The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares Please don't provide solution in an image format thank you
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
612,000 common shares outstanding. During 2020, it had the following transactions that
affected the common share account:
Feb. 1
Mar. 1
May 1
June 1
Oct. 1
Issued 154,000 shares.
(a)
Issued a 10% stock dividend.
Acquired 166,000 common shares and retired them.
Issued a 3-for-1 stock split.
Issued 61,000 shares.
The company's year end is December 31.
Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g.
5,275.)
Weighted average number of shares outstanding
shares
Please don't provide solution in an image format thank you
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