Reference no: EM132937220
On January 1, 2020, Sunland Ltd. had 498,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:
Feb. 1 Issued 177,000 shares.
Mar. 1 Issued a 19% stock dividend.
May 1 Acquired 192,000 common shares and retired them.
June 1 Issued a 2-for-1 stock split.
Oct. 1 Issued 74,000 shares.
The company's year end is December 31.
Problem 1. Determine the weighted average number of shares outstanding as at December 31, 2020.
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