Question
Question 3 Micky and Donald Corp. was founded on January 1, 2022. At that time it issued 200,000 ordinary shares and 20,000, $30, cumulative 5%
Question 3 Micky and Donald Corp. was founded on January 1, 2022. At that time it issued 200,000 ordinary shares and 20,000, $30, cumulative 5% preferred shares. Subsequent transactions affecting its shareholdings follow. 2022 February 1: Micky issued 30,000 ordinary shares. June 1: Micky repurchased 50,000 shares and held them as treasury shares. September 1: Micky reissued (sold) the 50,000 shares held in treasury. October 1: Micky declared and issued a 3-for-l stock split on the ordinary shares. Required: a. What was Micky's weighted average number of ordinary shares outstanding in 2022? (6 marks)
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