Assume that the following data relative to ABC Company for 2020: 2020 ...
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Accounting
Assume that the following data relative to ABC Company for 2020:
2020 Transactions in Common Shares Change Cumulative
Jan. 1, Beginning 700,000
Mar. 1, Reissued/sold of treasury shares 100,000 800,000
Apr 1, Stock dividend 20% 160,000 860,000
Aug 1, Shares 4-for-1 split 2,580,000 3,440,000
Oct. 1, Bought back shares to cancel (800,000) 2,640,000
Calculate the 2020 weighted average common shares outstanding (WASO):
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