Using the information provided, calculate the weighted average
number of common shares outstanding for 2020.
• The common shares of a company were 120,000 on January 1,
2020.
• On February 1, the company issued 60,000 additional
shares
• Another 48,000 were issued on March 1.
• On April 1, the company issued 24,000 new shares.
• On May 1, the company bought 36,000 portfolio shares
• Purchased another 36,000 portfolio shares on June 1.
• On July 1, declared a 20% dividend in shares.
• On August 1, it issued 75,000 new shares.
• On August 15, it carried out a 1.50: 1 share split.
• On September 1, it issued another 18,000 shares
• On December 1, it acquired 6,000 portfolio shares.