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Calculate the weighted average common shares outstanding

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Reference no: EM133093193

Question - Bloodhound Corp. provides the following data for calendar 2020:

Transactions in Common Shares

Change

Cumulative

Jan 1 beginning

 

1,000,000

Mar 1 purchase of treasury shares

(60,000)

940,000

Jun 1 shares split 2 for 1

940,000

1,880,000

Nov 1 issuance of new shares

120,000

2,000,000

Required - Calculate the weighted average common shares outstanding during the year.

Reference no: EM133093193

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