On January 1, 2021, Master Company had 250,000 ordinaryProblem 19-24 (IAA)Prshares òutstanding.TiyeMarchJulyOctoberDecember 1, 2021 Purchased 15,000 treasury sharesJune1, 2021 Sold 24,000 shares1, 2021 Issued a 20% share dividend1, 2021 : Sold 16,000 sharesJaFIssued a 3 for 1 share split1, 2022September 1, 2022 Sold 60,000 shares:I1. What is the weighted average number of shares for 2021for comparative financial statements at the end of 2022a. 980,250b. 329,800c. 984,000d. 969,0002. What is the weighted average number of shares for 2022for comparative financial statements at the end of 2022?a. 1,009,400.b.1,049,4001,169,400d.с.989,400

Stockholders are the Persons of entities whom the company issues its ownership rights in the form of…

Answered: Problem 19-24 (IAA)

Business

Accounting

Problem 19-24 (IAA)

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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Question

On January 1, 2021, Master Company had 250,000 ordinary
Problem 19-24 (IAA)
Pr
shares òutstanding.
Ti
ye
March
July
October
December 1, 2021 Purchased 15,000 treasury shares
June
1, 2021 Sold 24,000 shares
1, 2021 Issued a 20% share dividend
1, 2021 : Sold 16,000 shares
Ja
F
Issued a 3 for 1 share split
1, 2022
September 1, 2022 Sold 60,000 shares:
I
1. What is the weighted average number of shares for 2021
for comparative financial statements at the end of 2022
a. 980,250
b. 329,800
c. 984,000
d. 969,000
2. What is the weighted average number of shares for 2022
for comparative financial statements at the end of 2022?
a. 1,009,400
.b.
1,049,400
1,169,400
d.
с.
989,400

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