On January 1, 2021, Oriole Corp. had 478,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 102,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock (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, Oriole Corp. had 478,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 102,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock (a) Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:On January 1, 2021, Oriole Corp. had 478,000 shares of common stock outstanding. During 2021, it had the following transactions
that affected the Common Stock account.
February 1
Issued 120,000 shares
March 1
Issued a 10% stock dividend
May 1
Acquired 102,000 shares of treasury stock
June 1
Issued a 3-for-1 stock split
October 1
Reissued 59,000 shares of treasury stock
(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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