Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

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.
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
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
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS