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On January 1, 2026, Sunland Corp. had 478,000 shares of common stock outstanding. During 2026, it had the followin that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 120,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2026.

On January 1, 2026, Sunland Corp. had 478,000 shares of common stock outstanding. During 2026, it had the followin that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 120,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2026.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2026, Sunland Corp. had 478,000 shares of common stock outstanding. During 2026, it had the following tr that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 120,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding
Transcribed Image Text:On January 1, 2026, Sunland Corp. had 478,000 shares of common stock outstanding. During 2026, it had the following tr that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 120,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 59,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding
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