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Homework answers / question archive / Rayleigh Corporation started 2020 with 600,000 common shares outstanding

Rayleigh Corporation started 2020 with 600,000 common shares outstanding

Accounting

Rayleigh Corporation started 2020 with 600,000 common shares outstanding. Rayleigh follows IFRS. During 2020, Rayleigh completed the following share transactions:

June 30: Repurchased 100,000 shares

July 31: Issued 200,000 shares

August 31: 2 for 1 stock split

October 31: Issued 200,000 shares

Instructions

Calculate the weighted average number of shares outstanding for 2020. Use a table to show your calculations. Clearly indicate your final answer.

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