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Sliver Co. started Year 8 with 600,000 common shares outstanding. During Year 8, Sliver Co. completed the following share transactions: On June 30, repurchased 100,000

Sliver Co. started Year 8 with 600,000 common shares outstanding. During Year 8, Sliver Co. completed the following share transactions:

  • On June 30, repurchased 100,000 shares
  • On July 31, issued 200,000 shares
  • On August 31, Issued 20% Stock Dividend
  • On October 31, issued 200,000 shares

Required

Calculate the weighted average number of shares outstanding for Year 8. Use a table, and show calculations for possible partial marks.(6 marks)

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