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Make and solve weighted average number of share outstanding

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Reference no: EM132553451

Concord 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:

  • 634,000 common shares issued and outstanding at December 31, 2019
  • 94,000 common shares issued for cash on April 1, 2020
  • Repurchased 58,800 common shares on June 1, 2020
  • Two-for-one stock split on September 1, 2020

Required :

Question 1: Solve weighted average number of shares outstanding for the year ended December 31, 2020.

Reference no: EM132553451

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