Patriots Corp. provides the following data in the changes of common shares for the fiscal year ending
Fantastic news! We've Found the answer you've been seeking!
Question:
Patriots Corp. provides the following data in the changes of common shares for the fiscal year ending December 31, 2020:
Jan 1 - Beginning weight average shares carried forward from 2019 was 1,000,000
Mar 1 - Re-purchased and cancelled 60,000 shares
Jun 1 - Shares split 2 for 1
Nov 1 - Issued 120,000 of new shares
Instructions
State the weighted average common shares outstanding as of December 31, 2020.Show all detailed calculations in proper tabulation format.
Expert Answer:
Posted Date:
