On January 1, 2021, Whispering Corp. had 484,000 shares of common stock outstanding. During 2021,...
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On January 1, 2021, Whispering Corp. had 484,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 116,000 shares Issued a 10% stock dividend Acquired 99,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding
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