View PoliciesCurrent Attempt in ProgressOn January 1,2021, Blossom Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1,the corporation purchased on the market 540,000 of its own outstanding shares and retired them.Compute the weighted average number of shares to be used in computing earnings per share for 2021.Weighted average number of sharesSave for LaterAttempts: 0 of 1 usedSubmit AnswerMacBook Air

Calculation of weighted average number of shares : Outstanding shares on JAN 1, 2021 (980,000 *…

On January 1, 2021, Blossom Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the cor

On January 1, 2021, Blossom Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the cor

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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On January 1,2021, Blossom Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued
150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1,
the corporation purchased on the market 540,000 of its own outstanding shares and retired them.
Compute the weighted average number of shares to be used in computing earnings per share for 2021.
Weighted average number of shares
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