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Calculate the weighted average number of shares outstanding

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Question - Blossom Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 21,000 shares in exchange for equipment. On July 1, Blossom repurchased and cancelled 11,700 shares. On October 1, 2020, Blossom declared a 1-for-2 reverse stock split. Calculate the weighted average number of shares outstanding for Blossom for the year ended December 31, 2020.

Reference no: EM132724741

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