Determine the weighted-average number of shares outstanding

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Reference no: EM131881159

Problem

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.

Reference no: EM131881159

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