On January 1, Brazil Company had 150,000 shares of common stock outstanding. On April 1, it pur-
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On January 1, Brazil Company had 150,000 shares of common stock outstanding. On April 1, it pur- QS ll-IO chased 12,000 treasury shares and on June 2, it declared a 10% stock dividend. Compute Brazil’s Weighted-average shares weighted-average shares outstanding for the calendar-year.
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