Assume IFRS unless otherwise stated.
An analyst gathered the following information about a company:
1 Jan: Shares outstanding 1,000,000 1 April: 3 for 1 stock split 1 July: Shares issued 500,000 1 August: 25% stock dividend 1 Oct: Shares repurchased 300,000 31 Dec: Number of shares outstanding 4,075,000 The weighted average number of ordinary shares that will be used in the calculation of basic EPS is closest to:
3,039,583.
4,050,000.
3,762,500.
plz help…