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Salty Corporation reported 300,000 ordinary shares at the beginning of 2020. In the beginning of 2nd quarter, convertible bondholders opted to exercise their option to convert to shares, resulting to additional 100,000 shares. In October 1, Spice corporation bought back 50,000 shares as they have spare cash. What is the weighted average outstanding shares for 2020? (no decimal this is not a peso amount)

Salty Corporation reported 300,000 ordinary shares at the beginning of 2020. In the beginning of 2nd quarter, convertible bondholders opted to exercise their option to convert to shares, resulting to additional 100,000 shares. In October 1, Spice corporation bought back 50,000 shares as they have spare cash. What is the weighted average outstanding shares for 2020? (no decimal this is not a peso amount)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Salty Corporation reported 300,000 ordinary shares at the beginning of 2020. In the beginning of 2nd quarter, convertible bondholders opted to exercise their option to convert to shares, resulting to additional 100,000 shares. In October 1, Spice corporation bought back 50,000 shares as they have spare cash. What is the weighted average outstanding shares for 2020? (no decimal this is not a peso amount)
Transcribed Image Text:Salty Corporation reported 300,000 ordinary shares at the beginning of 2020. In the beginning of 2nd quarter, convertible bondholders opted to exercise their option to convert to shares, resulting to additional 100,000 shares. In October 1, Spice corporation bought back 50,000 shares as they have spare cash. What is the weighted average outstanding shares for 2020? (no decimal this is not a peso amount)
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