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On January 1, 2021, XYZ Ltd had 600,000 common shares outstanding (no preferred shares issued). During 2021, XYZ issued 84,000 shares on May 1, purchased
On January 1, 2021, XYZ Ltd had 600,000 common shares outstanding (no preferred shares issued). During 2021, XYZ issued 84,000 shares on May 1, purchased 42,000 treasury shares on September 1, and issued 36,000 more shares on November 1. The weighted average of common shares outstanding for 2021 is:
a. 648,000
b. 634,000
c. 662,000
d. 676,000
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