Leiseberg Shipping located in Perth, Australia had the following shares oustanding:
a. January 1 - 100,000 shares outstanding (beginning balance)
b. June 15 - 50,000 options exercised giving the holders 3 shares for each option
c. June 30 - 2:1 share split
d. August 1 - 1:3 reverse share split
e. December 1 - 50,000 shares reacquired (as treasury shares)
Calculate the weighted average number of shares.

Question

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The Answer of Leiseberg Shipping located in Perth, Australia had the following shares oustanding:
a. January 1 - 100,000 shares outstanding (beginning balance)
b. June 15 - 50,000 options exercised giving the holders 3 shares for each option
c. June 30 - 2:1 share split
d. August 1 - 1:3 reverse share split
e. December 1 - 50,000 shares reacquired (as treasury shares)
Calculate the weighted average number of shares.

Leiseberg Shipping Located in Perth, Australia Had the Following Shares