The Power Corporation had the following common shares outstanding during the fiscal year: 100,000 during the first

Question:

The Power had the following common shares outstanding during the fiscal year: 100,000 during the first quarter of the fiscal year and 300,000 during the balance of the fiscal year. What was the weighted-average number of common shares outstanding during the fiscal year?
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...