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Blossom Limited had 41,100 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 18,900 shares in exchange for equipment. On July
Blossom Limited had 41,100 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 18,900 shares in exchange for equipment. On July 1, Blossom repurchased and cancelled 9,900 shares. On October 1, 2020, Blossom declared a 1for2 reverse stock split. Calculate the weighted average number of shares outstanding for Blossom for the year ended December 31, 2020. (Round restatement values to 2 decimal places, e.g. 0.53 and final answer to 0 decimal places, e.g. 5,275.)
Weighted average number of shares outstanding |
| shares |
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