Bentley Corporation had 120,000 common shares outstanding on January 1, 2014. On May 1, 2014, Bentley issued

Question:

Bentley had 120,000 common shares outstanding on January 1, 2014. On May 1, 2014, Bentley issued 65,000 shares. On July 1, Bentley repurchased and cancelled 22,000 shares. Calculate Bentley's weighted average number of shares outstanding for the year ended December 31, 2014?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...