On January 1, 2020, Blossom Manufacturers had 366,000 common shares outstanding. On April 1, the corporation...

On January 1, 2020, Blossom Manufacturers had 366,000 common shares outstanding. On April 1, the corporation issued 36,600 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8,400 of its own outstanding common shares to make them available for issuances related to its key executives’ outstanding stock options.


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Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g. 5,255.)

Weighted average number of shares outstanding

shares

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Assume that Blossom Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2020.

Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g. 5,255.)

Weighted average number of shares outstanding

share

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ekkarill92 answered 1 year ago

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