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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