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Additional Problem 11 Marin Corporation began its latest fiscal year on January 1, 2021, with 450,000 common shares outstanding. During the year, the following events
Additional Problem 11 Marin Corporation began its latest fiscal year on January 1, 2021, with 450,000 common shares outstanding. During the year, the following events occurred: On February 1, Marin sold 14,000 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Marin repurchased and cancelled 3,500 common shares. An additional 4,700 common shares were issued on July 1. On September 1, Marin declared and issued a three-for-one stock split. On December 1, Marin issued an additional 15,000 shares. Following the fiscal year, Marin declared and issued a two-for-one stock split on February 1, 2022. The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Marin should use for calculating its EPS numbers for 2021. Weighted average number of common shares
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