On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it...

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On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it...

On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1 Issued 124,000 shares

March 1 Issued a 10% stock dividend

May 1 Acquired 104,000 shares of treasury stock

June 1 Issued a 3-for-1 stock split

October 1 Reissued 61,000 shares of treasury stock

Determine the weighted-average number of shares outstanding as of December 31, 2018.

The weighted-average number of shares outstanding:

business accounting

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Answer 1

Answer #1

Calculate weighted average number of shares outstanding

Date	Share issued		Weighted average share outstanding
Jan 1	461000	4610001.13*1/12	126775
Feb 1	585000	5850001.13*1/12	160875
Mar 1	643500	64350032/12	321750
May 1	539500	53950031/12	134875
June 1	1618500	1618500*4/12	539500
Oct 1	1679500	1679500*3/12	419875
Total			1703650

The weighted average share number of shares outstanding : 1703650 Shares

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Answer 2

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