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Solve weighted average number of shares outstanding

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Blossom Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 18,900 shares in exchange for equipment. On July 1, Blossom repurchased and cancelled 9,900 shares. On October 1, 2020, Blossom declared and issued a 9% stock dividend.

Question 1: Calculate the weighted average number of shares outstanding for Blossom for the year ended December 31, 2020.

Reference no: EM132538362

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