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Find the weighted-average number of shares outstanding

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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.

  1. February 1 Issued 126,000 shares
  2. March 1 Issued a 10% stock dividend
  3. May 1 Acquired 100,000 shares of treasury stock
  4. June 1 Issued a 3-for-1 stock split
  5. October 1 Reissued 62,000 shares of treasury stock

Problem 1: Determine the weighted-average number of shares outstanding as of December 31, 2021.

Reference no: EM132828287

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