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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 common shares outstanding. During 2021, it had the following transactions that affected the common share account

Feb. 1 Issued 180,000 shares.

Mar. 1 Issued a 25% stock dividend.

May 1 Acquired 200,000 common shares and retired them

June 1 Issued a 3-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: EM133152464

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