Corporate Financial Innovations Inc. had 100,000 ordinary shares outstanding on January 1, 2018. On February 1, 2018,
Question:
Corporate Financial Innovations Inc. had 100,000 ordinary shares outstanding on January 1, 2018. On February 1, 2018, Corporate repurchased 50,000 shares, cancelling 30,000 and holding the balance as treasury shares. On June 1, 2018, the company declared and issued a 1.5-for1 stock split. On July 1, 2018, Corporate issued an additional 80,000 shares, 10,000 of which were from treasury. On October 1, 2018, Corporate issued an additional 20,000 ordinary shares. On November 1, 2018, Corporate declared and issued a 20% stock dividend.
Required:
What was the weighted average number of ordinary shares outstanding in 2018?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: