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CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred: March

CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES

On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred:

image text in transcribedMarch 1: 2-for-1 stock split

image text in transcribedJune 1: Issued 30,000 additional shares

image text in transcribedSeptember 1: 20% stock dividend

What was the weighted-average number of shares outstanding for the year?

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