a. 344,444 b. 477,777 c. 750,000 d. 1,020,000 e. answer not given Transcribed Image Text: On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value outstanding.

a. 344,444 b. 477,777 c. 750,000 d. 1,020,000 e. answer not given Transcribed Image Text: On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value
outstanding.
On March 1, XYZ sold an additional 500,000 shares on the open market at P20 per
share. XYZ issued a 20% share dividend on May 1.
On August 1, XYz purchased 280,000 shares and immediately retired the shares.
On November 1, 400,000 shares were sold for P25 per share.
is the weighted-average number of shares outstanding for 2020?

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer