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On January 1, 2023, Sheridan Ltd. had 588,000 c affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares a Iccued for stock enlit

On January 1, 2023, Sheridan Ltd. had 588,000 c affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares a Iccued for stock enlit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares and retired them Issued a 2-for-1 stock split Issued 62,000 shares The company's year end is December 31.
Transcribed Image Text:On January 1, 2023, Sheridan Ltd. had 588,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb. 1 Mar. 1 May 1 June 1 Oct. 1 Issued 192,000 shares Issued a 10% stock dividend Acquired 213,000 common shares and retired them Issued a 2-for-1 stock split Issued 62,000 shares The company's year end is December 31.
Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
Transcribed Image Text:Determine the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g. 5,275.) Weighted average number of shares outstanding shares
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