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Determine the weighted average number of shares outstanding

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Question - On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:

Feb. 1 Issued 154,000 shares.

Mar. 1 Issued a 20% stock dividend.

May 1 Acquired 174,000 common shares and retired them.

June 1 Issued a 2-for-1 stock split.

Oct. 1 Issued 43,000 shares.

The company's year end is December 31.

Required - Determine the weighted average number of shares outstanding as at December 31, 2020?

Reference no: EM132749683

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