Tamarisk Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is...
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Accounting
Tamarisk 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:
| 540,000 common shares issued and outstanding at December 31, 2019 |
| 103,000 common shares issued for cash on April 1, 2020 |
| Repurchased 64,800 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.
| Weighted average number of common shares | =........................................ |
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