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What was the weighted average number of share outstanding On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction
What was the weighted average number of share outstanding
On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020? A. 276,000 B. 261,000 C. 256,000 D. 230,000Step by Step Solution
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