Question: On January 1 , 2 0 2 6 , Cullumber Corp. had 5 0 2 , 0 0 0 shares of common stock outstanding. During

On January

1, 2026,

Cullumber Corp. had

502, 000

shares of common stock outstanding. During

2026,

it had the following transactions that affected the common stock account.

February

1

Issued

125, 000

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

(

)

Your answer is incorrect.

Determine the weighted

-

average number of shares outstanding as of December

31, 2026 .

The weighted

-

average number of shares outstandinglol

On January 1,2026, Cullumber Corp. had 502,000 shares of common stock

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