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On January 1, 2021, Carla Corp. had 2,847,000 shares of common stock issued and outstanding. 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 Issued a 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 average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding

On January 1, 2021, Carla Corp. had 2,847,000 shares of common stock issued and outstanding. 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 Issued a 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 average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On January 1, 2021, Carla Corp. had 2,847,000 shares of common stock issued and outstanding. 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 Issued a 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 average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding
Transcribed Image Text:On January 1, 2021, Carla Corp. had 2,847,000 shares of common stock issued and outstanding. 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 Issued a 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 average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding
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