Determine weighted-average number of shares outstanding

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On January 1, 2015, Wilke Corp. had 538,000 shares of common stock outstanding. During 2015, it had the following transactions that affected the Common Stock account.

February 1 Issued 138,000 shares

March 1 Issued a 10% stock dividend

May 1 Acquired 109,000 shares of treasury stock

June 1 Issued a 3-for-1 stock split

October 1 Reissued 79,200 shares of treasury stock Collapse question part

(a) Determine the weighted-average number of shares outstanding as of December 31, 2015. The weighted-average number of shares outstanding.

The weighted-average number of shares outstanding.

Reference no: EM131993504

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