Calculate the weighted average number of common shares

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Reference no: EM133415914

Question: On 1/1/2020, XYZ Corporation had 1,000,000 shares (common) outstanding.

During the year, XYZ had the following transactions related to common stock:

March 1st Issued shares 100,000

May 1st 5 for 2 stock split 5-2 split

June 1st Issued shares 500,000

Sept 1st Acquired treasury stock 20,000

December 1st 3 for 1 stock split 3-1 split

Calculate the weighted average number of common shares outstanding as of 12/31/2020.

Reference no: EM133415914

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