Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May

Question:

Milo Co. had 800,000 shares of outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. The weighted average shares outstanding for the year is
A. 851,000
B. 872,000
C. 893,000
D. 914,000

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...