On January 1, the company had 100,000 common shares outstanding. On April 1, the company issued 30,000

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On January 1, the company had 100,000 common shares outstanding. On April 1, the company issued 30,000 additional shares. On August 1, the company reacquired 50,000 shares. What was the weighted-average number of shares outstanding for the year?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:47 AM

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On January 1, the company had 100,000 common shares outstanding. On April 1, the company issued 30,000

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Intermediate Accounting

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