Desjardins Co. started the year 2023 with 800,000 common shares outstanding. During 2023, Desjardins Co. completed the
Fantastic news! We've Found the answer you've been seeking!
Question:
Desjardins Co. started the year 2023 with 800,000 common shares outstanding. During 2023, Desjardins Co. completed the following share transactions:
On May 31, repurchased 100,000 shares
On July 31, issued 200,000 shares
On September 1, two for one stock split
On October 31, issued 200,000 shares
Required
Calculate the weighted average number of shares outstanding for 2023. Use a table like the video example provided in Module 4 to show your calculations.
Expert Answer:
To calculate the weighted average number of shares outstanding for Desjardins Co in 2023 we can use ... View the full answer
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
