Stellar Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing...
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Stellar Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing earnings per share data for 2020. The following is a summary of the activity for ACI during 2020: 619,000 common shares issued and outstanding at December 31, 2019 96,000 common shares issued for cash onApril 1, 2020 Repurchased 57,600 common shares on June 1, 2020 Two-for-one stock split on September 1, 2020 Calculate the weighted average number of shares outstanding for the year ended December 31, 2020. (Do not round intermediate calculations. Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of common shares Stellar Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing earnings per share data for 2020. The following is a summary of the activity for ACI during 2020: 619,000 common shares issued and outstanding at December 31, 2019 96,000 common shares issued for cash onApril 1, 2020 Repurchased 57,600 common shares on June 1, 2020 Two-for-one stock split on September 1, 2020 Calculate the weighted average number of shares outstanding for the year ended December 31, 2020. (Do not round intermediate calculations. Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of common shares
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Answer rating: 100% (QA)
Ans Weighted average number of common shares 1314800 shares Weigh... View the full answer
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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