Blossom Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020,...
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Blossom Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Blossom issued 21,000 shares in exchange for equipment. On July 1, Blossom repurchased and cancelled 11,700 shares. On October 1, 2020, Blossom declared a 1for2 reverse stock split. Calculate the weighted average number of shares outstanding for Blossom for the year ended December 31, 2020. (Round restatement values to 2 decimal places, e.g. 0.53 and final answer to 0 decimal places, e.g. 5,275.)
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