On January 1, 2018, Oriole Corp. had 491,000 shares of common stock outstanding. During 2018,...
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Accounting
On January 1, 2018, Oriole Corp. had 491,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account:
February 1 Issued 116,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 96,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 59,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2018.
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