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NK had 900,000 common shares and 10,000 preferred shares outstanding at the beginning of 2020. On April 30, 2020, it sold 60,000 shares in a
NK had 900,000 common shares and 10,000 preferred shares outstanding at the beginning of 2020. On April 30, 2020, it sold 60,000 shares in a public offering. On May 30, 2020, it declared and executed a 2-by-1 stock split. On October 1, 2020, it reacquired 80,000 shares as treasury stock. What is the firms weighted-average number of common shares outstanding for the year?
a. | 1,800,000 | |
b. | 1,014,000 | |
c. | 880,000 | |
d. | 1,860,000 | |
e. | 1,900,000 |
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