Homework Answers
b) Weighted average number of Common shares
| Weighted share | ||
| Jan 1 | 180000*1.2*1/12 | 18000 |
| Feb 1 | 180000*1.2*3/12 | 54000 |
| Apr 30 | 343000*6/12 | 171500 |
| Oct 31 | 369000*2/12 | 61500 |
| Total | 305000 |
So answer is 305000 Shares
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