On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020? A. 276,000 B. 261,000 C. 256,000 D. 230,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On January 1, 2020, FAB Co. had 100,000 ordinary shares outstanding. During 2020, the following transaction occurred: On March 1, the company had 2-for-1 share split; On June 1, the company issued 30,000 additional shares and on September 1, the company had 20% stock dividend. What was the weighted average number of shares outstanding for 2020?
A. 276,000
B. 261,000
C. 256,000
D. 230,000

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