Dencil Corporation had 600,000 common shares outstanding on January 1, 2017. On March 1, 2017, Dencil issued

Question:

Dencil had 600,000 common shares outstanding on January 1, 2017. On March 1, 2017, Dencil issued 150,000 shares. On September 1, Dencil repurchased and cancelled 50,000 shares. Calculate Dencil's weighted average number of shares outstanding for the year ended December 31, 2017.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...