Question: General Question/Exercise 19-8 Weighted Average Shares Weighted Average Shares On On January 1, 2019, Chang Corp. had 50,000 shares of common stock outstanding. During 2019,

General Question/Exercise 19-8 Weighted Average Shares Weighted Average Shares On On January 1, 2019, Chang Corp. had 50,000 shares of common stock outstanding. During 2019, it had the following transactions that affected the Common Stock account February 2 April 30 June 15 July 3 September 1 September 29 Instructions Determine the weighted-average number of shares outstanding as of December 31, 2019. (This can be done on a monthly basis.) Issued 10,000shares Issued 15,000 shares Issued a 30% stock dividend Acquired 10,000 shares of treasury stock Issued a 3-for-1stock split Reissued 8,000 shares of treasury stock

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