On january 1, 2018, wilke corp. had 480,000 shares of common stock outstanding. during 2018, it had the following transactions that affected the common stock account. february 1issued 120,000 sharesmarch 1issued a 10% stock dividendmay 1acquired 100,000 shares of treasury stockjune 1issued a 3-for-1 stock splitoctober 1reissued 60,000 shares of treasury stock(a) determine the weighted-average number of shares outstanding as of december 31, 2018.

W-A outstanding shares: 588,333

Explanation:

We must multiply the shares over the months outstanding from the transaction to year-end

January 1st : 480,000 x 12/12 =                       480,000

February 1st: 120,000 x 11/12 =                          110,000

March 1st: 10% stock dividends:

(480,000 + 120,000) x 10% = 60,000 x 10/12 = 50,000

May 1st: treasury stock:

100,000 x 8/12 =                                                 (66,667)

October 1st reissued shares:

60,000 x 3/12 =                                                    15,000  

     weighted average oustanding shares:       588,333

correct, but each time you dont pay the price of the penalty can increase.

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