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Hogan Limited had 25,000 common shares outstanding on January 1, 2020. On March 1, 2020, Hogan issued 10,000 shares on exchange for equipment. On July
Hogan Limited had 25,000 common shares outstanding on January 1, 2020. On March 1, 2020, Hogan issued 10,000 shares on exchange for equipment. On July 1 Hogan repurchased and cancelled 10,000 shares. On October 1, 2020, Hogan declared a 1-for-2 stock split. Calculate the weighted average number of shares outstanding for Hogan for the year ended December 31, 2020. Round to the nearest share
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