On January 1, 2020, Carla Vista Ltd. had 528,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 11 Mar. 1 May 1 June 1 Oct. 1 Issued 159,000 shares. Issued a 12% stock dividend. (a) Acquired 178,000 common shares and retired them. Issued a 3-for-1 stock split. Issued 64,000 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 O decimal places, e.g. 5,275) Weighted average number of shares outstanding Save for Later shares Attempts: 0 of 1 used Submit Answer
On January 1, 2020, Carla Vista Ltd. had 528,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 11 Mar. 1 May 1 June 1 Oct. 1 Issued 159,000 shares. Issued a 12% stock dividend. (a) Acquired 178,000 common shares and retired them. Issued a 3-for-1 stock split. Issued 64,000 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 O decimal places, e.g. 5,275) Weighted average number of shares outstanding Save for Later shares Attempts: 0 of 1 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 1, 2020, Carla Vista Ltd. had 528,000 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 159,000 shares.
Issued a 12% stock dividend.
Acquired 178,000 common shares and retired them.
Issued a 3-for-1 stock split.
Issued 64,000 shares.
The company's year end is December 31.
(a)
Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to O decimal places, e.g.
5,275.)
Weighted average number of shares outstanding
Save for Later
shares
Attempts: 0 of 1 used Submit Answer
(b)
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