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Calculate the weighted average number of shares

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Question - Wildhorse Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Wildhorse issued 19,800 shares in exchange for equipment. On July 1, Wildhorse repurchased and cancelled 11,400 shares. On October 1, 2020, Wildhorse declared and issued a 12% stock dividend.

Required - Calculate the weighted average number of shares outstanding for Wildhorse for the year ended December 31, 2020.

Reference no: EM133091210

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