On January 1, 2020, Winston Mining Corp. had 580,000 common shares issued and outstanding. On April 30,

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On January 1, 2020, Winston Mining Corp. had 580,000 common shares issued and outstanding. On April 30, it issued an additional 220,000 shares, and on October 1 it repurchased and cancelled 100,000 shares. Calculate Winston’s weighted-average shares outstanding for the year ended December 31, 2020. Round calculations to the nearest whole share.

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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