Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2021, indigo corp. had 502,000 share

On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021,...

70.2K

Verified Solution

Question

Accounting

On January 1, 2021, Indigo Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1 Issued 125,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 98,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 58,000 shares of treasury stock

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

role of calcium role atp importance of hydrolysis of atp in muscle contraction

Biology
1.2K views

Oxygen plays an important role in distinguishing the lifestyles of prokaryotes. Name and describe the five...

Biology
1.2K views

7 The following figures shows a pedigree for a rare trait in humans Affected individuals...

Physics
1.2K views

36 Arrange the following materials in the increasing order of their resistivity Copper Platinum Silver...

Calculus
1.2K views

7 4 points Let w and A 5 3 1 01 5 2 12 10...

Accounting
1.2K views

Summarize the internationalization process of accounting! What are the advantages and disadvantages of this process?...

Accounting
1.2K views

on January 1, 2017 Amman Co. leased machinery from Jordan co. The lease term is...

Accounting
1.2K views

Over the past year Company "X" experienced the following: raised $150,000 by issuing new common...

Accounting
1.2K views

a. Calculate historic (year-on-year) sales growh for each business unit, segment, and total consolidated sales....

Accounting
1.2K views

Determine the amount of the standard deduction allowed for 2023 in the following independent situations....

Accounting
1.2K views

Which of the following transactions would cause the current ratio to increase? ...

Accounting
1.2K views

4 What is the value of (1 Point) 1 In 6 + (In 6)...