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A 2 0 - 6 Weighted Average Common Shares ( LO 2 0 - 2 ) The following cases are independent. Case A Jethrow Ltd

A20-6 Weighted Average Common Shares (LO 20-2)
The following cases are independent.
Case A Jethrow Ltd. had 1,400,000 common shares outstanding on 1 January 202.
On 27 February 204,000 shares were issued for $54 each.
304,000 shares were issued on 1 August.
A 2-for-1 stock split was distributed on 30 August.
Case B On 1 January 20X7, Doomsday Corp. had 204,000 nonvoting Series A shares and 604,000 Series B voting shares outstanding. Series A shares have a $3 per share cumulative dividend paid quarterly and are convertible into two Series B shares at any time after 31 December 209.
On 1 October 20X7,30,400 Series A shares were converted to B shares.
On 1 December 207,76,000 Series B shares were retired for cash.
Required:
For each case, calculate the number of weighted-average ordinary shares to use in the calculation of basic EPS. Assume a 31 December year-end. (Do not found intermediate calculations. Round your answers to the nearest whole number.)
\table[[,Case A,Case B],[Number of shares,,I]]
please redo first answer provided was incorrect
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