Question: Compute Weighted-Average Number of Shares Outstanding with a Stock Split. Bee-Boy Honey Products began the current year with 5,000 common shares outstanding. The firm issued

Compute Weighted-Average Number of Shares Outstanding with a Stock Split. Bee-Boy Honey Products began the current year with 5,000 common shares outstanding. The firm issued additional shares of 1,500 and 1,800 on February 1 and June 1, respectively. In addition, the firm purchased 600 shares of treasury stock on September 1. The firm’s year end is December 31. In addition, Bee-Boy implemented a 3-for-1 stock split on May 1. Compute the weighted- average shares outstanding.

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