Problemon january 1 2018 wilke corp had 480000 shares of, Ask an Expert

Accounting

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On January 1, 2018, Wilke Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1Issued 120,000 shares

March 1Issued a 10% stock dividend

May 1Acquired 100,000 shares of treasury stock

June 1Issued a 3-for-1 stock split

October 1Reissued 60,000 shares of treasury stock

a. Determine the weighted-average number of shares outstanding as of December 31, 2018.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92709506

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