On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding.
ID: 2507864 • Letter: O
Question
On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.
February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account.
February 1 Issued 134,000 shares March 1 Issued a 20% stock dividend May 1 Acquired 118,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 75,800 shares of treasury stock On January 1, 2012, Chang Corp. had 518,000 shares of common stock outstanding. During 2012, it had the following transactions that affected the Common Stock account. Determine the weighted-average number of shares outstanding as of December 31, 2012.
Explanation / Answer
Hi,
Please find the answer as follows:
Answer is 1464916.67 (upto 2 decimal places) or 1464917 (with 0 decimal places)
Thanks.
Number of Shares Number of Months Total Months Average Shares Outstanding Jan-01 518000 1 12 43166.66667 Feb-01 652000 1 12 54333.33333 Mar-01 782400 2 12 130400 May-01 664400 1 12 55366.66667 Jun-01 1993200 4 12 664400 Oct-01 2069000 3 12 517250
1464916.667
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