On January 1, 2020, Oriole Ltd. had 702,000 common shares
outstanding. During 2020, it had the following transactions that
affected the common share account:
Feb. 1 | Issued 152,000 shares. | |
Mar. 1 | Issued a 14% stock dividend. | |
May 1 | Acquired 177,000 common shares and retired them. | |
June 1 | Issued a 2-for-1 stock split. | |
Oct. 1 | Issued 50,000 shares. |
The company’s year end is December 31.how to calculate weighted
average outstanding shares
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