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On January 1, 2023, Lambton Ltd. had 528,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account: Feb.
On January 1, 2023, Lambton Ltd. had 528,000 common shares outstanding. During 2023, it had the following transactions that affected the common share account:
Feb. 1 | Issued 194,000 shares | |
Mar. 1 | Issued a 10% stock dividend | |
May 1 | Acquired 215,000 common shares and retired them | |
June 1 | Issued a 3-for-1 stock split | |
Oct. 1 | Issued 55,000 shares |
The companys year end is December 31.
(a)
Determine the weighted average number of shares outstanding as at December 31, 2023.
Weighted average number of shares outstanding | enter the weighted average number of shares outstanding rounded to 0 decimal places shares |
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