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Determine the weighted-average number of shares

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Question - On January 1, 2018, Martin Corp. had 300,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the common stock account.

February 1 Issued 120,000 Shares

April 1 Issued a 10% stock dividend

May 1 Acquired 100,000 share of treasury stock

June 1 Issued a 2-for-1 stock split

October 1 Reissued 60,000 shares of treasury stock

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

Reference no: EM132524898

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