FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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.
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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