Question
ConcordCosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company.ACI is preparing earnings per share data for 2020.The following is a summary of
ConcordCosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company.ACI is preparing earnings per share data for 2020.The following is a summary of the activity for ACI during 2020:
653,000common shares issued and outstanding at December 31, 2019108,000common shares issued for cash on April 1, 2020Repurchased57,600common shares on June 1, 2020Two-for-one stock split on September 1, 2020
Calculate the weighted average number of shares outstanding for the year ended December 31, 2020.(Round answer to 0 decimal places, e.g. 5,275.)
Weighted average number of common shares
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
