(L04) Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2017. On May 1, 2017,...
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(L04) Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2017. On May 1, 2017, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average number of shares outstanding for 2017.
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