On January 1, 2020, Mata company had 574,000 shares of common stock outstanding. During the year, it

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On January 1, 2020, Mata company had 574,000 shares of common stock outstanding. During the year, it had the following transactions that affected the common stock account.

April 1 Issued 112,000 shares

October 1 Acquired 78,000 shares of treasury stock

What is the weighted-average number of shares outstanding as of December 31, 2020?

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Financial Accounting

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Authors: Robert Libby, Patricia Libby, Frank Hodge

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Posted Date: Jan 14, 2021 11:22 PM

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On January 1, 2020, Mata company had 574,000 shares of common stock outstanding. During the year, it

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Financial Accounting

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