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What is the weighted average ordinary share outstanding

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Reference no: EM132673657

The following share capital transactions pertain to Karma Corporation for the year 2020:

January 1 Shares outstanding 44,000

February 1 Shares issued for cash 56,000

May 1 Shares reacquired 25,000

August 1 Receipt of 25% stock dividends

September 1 Resold part of treasury share 10,000

November 1 Issued 2-for-1 stock split

Problem 1: What is the weighted average ordinary share outstanding?

a. 187,500

b. 203,333

c. 207,500

d. 250,000

Reference no: EM132673657

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