Sheffield Corporation began its fiscal year on January 1, 2023, with 1,152,000 common shares issued and outstanding. On March 1, the company issued an additional 282,000 shares. On April 1, Sheffield declared and issued a 40% stock dividend. Sheffield repurchased and cancelled 126,000 of its own common shares on August 1. On November 1, the company issued an additional 321,000 shares. Calculate the weighted average number of shares outstanding for Sheffield Corporation for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Sheffield Corporation began its fiscal year on January 1, 2023, with 1,152,000 common shares issued and outstanding. On March 1, the company issued an additional 282,000 shares. On April 1, Sheffield declared and issued a 40% stock dividend. Sheffield repurchased and cancelled 126,000 of its own common shares on August 1. On November 1, the company issued an additional 321,000 shares. Calculate the weighted average number of shares outstanding for Sheffield Corporation for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Sheffield Corporation began its fiscal year on January 1, 2023, with 1,152,000 common shares issued
and outstanding. On March 1, the company issued an additional 282,000 shares. On April 1, Sheffield
declared and issued a 40% stock dividend. Sheffield repurchased and cancelled 126,000 of its own
common shares on August 1. On November 1, the company issued an additional 321,000 shares.
Calculate the weighted average number of shares outstanding for Sheffield Corporation for the year
ended December 31, 2023. (Round answer to O decimal places, e.g. 5,275.)
Weighted average number of shares outstanding
shares
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