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Determine the weighted average number of shares outstanding

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Question - On January 1 2021 Mortar Corp had 580,000 shares outstanding. During 2021 it had the following transactions that affected the common shares account.

Feb 1 issued 180,000 shares.

Mar 1 issued a 11%stock dividend.

May 1 acquired 200,000 common shares and retired them.

June 1 issued a 4 for 1 stock split.

Oct 1 issued 60,000 shares. The company's yearend is December 31.

Required - Determine the weighted average number of shares outstanding as at December 31 2021.

Reference no: EM133134822

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