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CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES On January 1, the company had 100,000 common...

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Accounting

CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES

On January 1, the company had 100,000 common shares outstanding. During the year, the following events occurred:

March 1: 2-for-1 stock split

June 1: Issued 30,000 additional shares

September 1: 20%

stock dividend What was the weighted-average number of shares outstanding for the year?

correct answer should be $261,000 how to calculate?

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