Determine the weighted average number of shares outstanding, Financial Accounting

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Determine the weighted average number of shares outstanding

Problem

On January 1, 2021, Wilkinson Corporation had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the common stock account:

February 1 Issued 120,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 100,000 shares as treasury stock
June 1 Issued a 3 for 1 stock split
October 1 Reissued 60,000 shares of treasury stock

Task

Determine the weighted average number of shares outstanding for 2021.

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Financial Accounting: Determine the weighted average number of shares outstanding

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Financial Accounting: Determine the weighted average number of shares outstanding

Reference No:- TGS03214552

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