Question: On January 1 2014 Wonsto Mining Corp had 580 000 common
On January 1, 2014, Wonsto Mining Corp. had 580,000 common shares issued and outstanding. On April 30, it issued an additional 220,000 shares and on October 1 it repurchased and cancelled 100,000 shares. Calculate Wonsto’s weighted-average shares outstanding for the year ended December 31, 2014. Round calculations to the nearest whole share.
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