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On 1/1/2020, XYZ Corporation had 1,000,000 shares (common) outstanding. During the year, XYZ had the following transactions related to common stock: March 1st May 1st
On 1/1/2020, XYZ Corporation had 1,000,000 shares (common) outstanding. During the year, XYZ had the following transactions related to common stock: March 1st May 1st Issued shares 700,000 5 for 2 stock split 5-2 split June 1st Issued shares 800,000 Sept 1st Acquired treasury stock 250,000 December 1st 1 for 3 stock split 1-3 split Calculate the weighted average number of common shares outstanding as of 12/31/2020
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