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Determine the weighted-average number of shares outstanding

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Question - On January 1, 2021, Cheyenne Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1Issued 126,000 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 62,000 shares of treasury stock

Required - Determine the weighted-average number of shares outstanding as of December 31, 2021.

Reference no: EM132846918

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