On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. on march...
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On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. on march 1, yhe corporation issue 150,000 new shares to raise additional capital. On May 1, the company issued a 5% stock dividend. On July 1, the corporation declared and issued a 3-for-1 stock split. On October 1, the corporation repurchased on the market 400,000 of its own outstanding shares and retired them. Instructions: Compute the weighted average number of shares to be used in computing earnings per share for 2020. Make sure to show all work in the Weighted Average Shares Table.
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