Sunland Limited had 42,600 common shares outstanding on January 1, 2023. On March 1, 2023, Sunland issued 20,100 shares in exchange for equipment. On July 1, Sunland repurchased and cancelled 11,700 shares. On October 1, 2023, Sunland declared and issued a 11% stock dividend. Calculate the weighted average number of shares outstanding for Sunland for the year ended December 31, 2023. (Round answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Sunland Limited had 42,600 common shares outstanding on January 1, 2023. On March 1, 2023, Sunland issued 20,100 shares in exchange for equipment. On July 1, Sunland repurchased and cancelled 11,700 shares. On October 1, 2023, Sunland declared and issued a 11% stock dividend. Calculate the weighted average number of shares outstanding for Sunland for the year ended December 31, 2023. (Round answer to O 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:Sunland Limited had 42,600 common shares outstanding on January 1, 2023. On March 1, 2023, Sunland issued 20,100 shares in
exchange for equipment. On July 1, Sunland repurchased and cancelled 11,700 shares. On October 1, 2023, Sunland declared and
issued a 11% stock dividend.
Calculate the weighted average number of shares outstanding for Sunland 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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