Requirements a. What was the weighted average number of ordinary shares outstanding in 2018

Woody Corporation had 100,000 ordinary shares outstanding on January 1, 2018. On April 1, 2018, Woody issued an additional 50,000 shares On July 1, 2018, Woody repurchased 5,000 ordinary shares and cancelled them. On October 1, 2018, Woody issued an additional 80,000 ordinary shares Requirements b. What was the weighted average number of ordinary shares outstanding in 2018? Assume that on July 1 , 2018, Woody repurchased the shares and held them as treasury shares. Will the weighted average number of ordinary shares outstanding in 2018 change from the amount in requirement a? Why or why not? Requirement a. What was the weighted average number of ordinary shares outstanding in 2018? (Abbreviation used: WASO = Weighted average number of ordinary shares outstanding. Complete all answer boxes.) Contributio ate (2018) Jan. 1 - Man 31 Apr. 1 - Jun. 30 Jul. 1 - Sep. 30 Oct 1 -Dec 31 Shares outstandin Fraction of ear Weighted average number of ordinary shares outstanding Requirement b. Assume that on July 1, 2018, Woody repurchased the shares and held them as treasury shares. Will the weighted average number of ordinary shares outstanding in 2018 change from the amount in requirement aQ Why or why not? The weighted average number of ordinary shares in 2018 change because shares in treasury are