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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdec48aa-2889-4c0d-81a8-e48e919b4861%2F3053b349-cb26-46ef-923d-adbc98fa5964%2Fwhc61w_processed.jpeg&w=3840&q=75)
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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