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Novak Corporation began its latest fiscal year on January 1, 2021, with 480,000 common shares outstanding. During the year, the following events occurred: On February
Novak Corporation began its latest fiscal year on January 1, 2021, with 480,000 common shares outstanding. During the year, the following events occurred: On February 1, Novak sold 13,800 additional common shares. The company declared and issued a 25% stock dividend on March 1. On June 1, Novak repurchased and cancelled 3,450 common shares. An additional 4,600 common shares were issued on July 1. On September 1, Novak declared and issued a three-for-one stock split. On December 1, Novak issued an additional 13,500 shares. Following the fiscal year, Novak declared and issued a two-for-one stock split on February 1, 2022. O . The company issued its 2021 financial statements on April 30, 2022. Calculate the weighted average number of common shares that Novak should use for calculating its EPS numbers for 2021. Weighted average number of common shares
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