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Determine the weighted-average number of shares

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Question - On January 1, 2018, Cheyenne Corp. had 468,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1 Issued 115,000 shares

March 1 Issued a 10% stock dividend

May 1 Acquired 96,000 shares of treasury stock

June 1 Issued a 3-for-1 stock split

October 1 Reissued 63,000 shares of treasury stock

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

Reference no: EM132490302

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