On January 1, 2021, Monty Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 126,000 sharesMarch 1 Issued a 10% stock dividendMay 1 Acquired 101,000 shares of treasury stockJune 1 Issued a 3-for-1 stock splitOctober 1 Reissued 62,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021.
On January 1, 2021, Monty Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 126,000 sharesMarch 1 Issued a 10% stock dividendMay 1 Acquired 101,000 shares of treasury stockJune 1 Issued a 3-for-1 stock splitOctober 1 Reissued 62,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On January 1, 2021, Monty Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
February 1 Issued 126,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 101,000 shares of
June 1 Issued a 3-for-1 stock split
October 1 Reissued 62,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2021.
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