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Labonte Limited had 40,800 common shares outstanding on January 1, 2020. On March 1, 2020, Labonte issued 20,400 shares in ex

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Answer #1
Date Particulars No. of shares
Jan 1, 2020 Shares at beginning (A)              40,800
= 40800 * 12/12
Mar 1, 2020 Shares Issued (B)              17,000
= 20400 * 10/12
Jul 1, 2020 Shares repurchased and cancelled ©.              10,200
= 20400 * 6/12
Dec 31, 2020 Shares Outstanding at year end (A+B-C)              47,600
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