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On January 1, 2026, Wildhorse Corp. had 474,000 shares of common stock outstanding During 2026, it had the following transactions that affected the common stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 100,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock

On January 1, 2026, Wildhorse Corp. had 474,000 shares of common stock outstanding During 2026, it had the following transactions that affected the common stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 100,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock

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, Wildhorse Corp. had 474,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 126,000 shares Issued a 10% stock dividend Acquired 100,000 shares of treasurystock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Your answer is incorrect. 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, Wildhorse Corp. had 474,000 shares of common stock outstanding. During 2026, it had the following transactions that affected the common stock account. February 1 March 1 May 1 June 1 October 1 (a) Issued 126,000 shares Issued a 10% stock dividend Acquired 100,000 shares of treasurystock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Your answer is incorrect. Determine the weighted average number of shares outstanding as of December 31, 2026 The weighted average number of shares outstanding
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