Dencil Corporation had 600,000 common shares outstanding on January 1, 2020. On March 1, 2020, Dencil issued
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Dencil Corporation had 600,000 common shares outstanding on January 1, 2020. On March 1, 2020, 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, 2020. Round to the nearest share.
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Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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