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Rayleigh Corporation started 2020 with 600,000 common shares outstanding. Rayleigh follows IFRS. During 2020, Rayleigh completed the following share transactions: June 30: Repurchased 100,000 shares

Rayleigh Corporation started 2020 with 600,000 common shares outstanding. Rayleigh follows IFRS. During 2020, Rayleigh completed the following share transactions:

June 30: Repurchased 100,000 shares

July 31: Issued 200,000 shares

August 31: 2 for 1 stock split

October 31: Issued 200,000 shares

Instructions

Calculate the weighted average number of shares outstanding for 2020. Use a table to show your calculations.

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