On January 1, 2023, Sheridan Ltd. had 588,000 c affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares a Iccued for stock enlit
On January 1, 2023, Sheridan Ltd. had 588,000 c affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares a Iccued for stock enlit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that
affected the common share account:
Feb. 1
Mar. 1
May 1
June 1
Oct. 1
Issued 192,000 shares
Issued a 10% stock dividend
Acquired 213,000 common shares and retired them
Issued a 2-for-1 stock split
Issued 62,000 shares
The company's year end is December 31.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24de9d49-6070-4d88-ab58-a37c20172dbc%2F72c996a6-e465-4590-8775-d6d9077edf52%2F5um2iqq_processed.png&w=3840&q=75)
Transcribed Image Text:On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that
affected the common share account:
Feb. 1
Mar. 1
May 1
June 1
Oct. 1
Issued 192,000 shares
Issued a 10% stock dividend
Acquired 213,000 common shares and retired them
Issued a 2-for-1 stock split
Issued 62,000 shares
The company's year end is December 31.
![Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g.
5,275.)
Weighted average number of shares outstanding
shares](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24de9d49-6070-4d88-ab58-a37c20172dbc%2F72c996a6-e465-4590-8775-d6d9077edf52%2Fjr01noa_processed.png&w=3840&q=75)
Transcribed Image Text:Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g.
5,275.)
Weighted average number of shares outstanding
shares
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