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Determine the weighted average number of shares outstanding

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Question - On January 1, 2021, Coronado Corp. had 2,541,000 shares of common stock issued and outstanding. During 2021, it had the following transactions that related to common stock.

Mar. 1 Issued 270,000 shares in exchange for land

Apr. 1 Acquired 204,000 shares of treasury stock

July 1 Issued a 20% stock dividend

Sept. 1 Reissued 244,800 shares of treasury stock (adjusted for 20% stock dividend)

Oct. 1 Issued a 2-for-1 stock split

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

Reference no: EM132988921

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