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BB Co. had 50,000 shares outstanding on January 1, 2023. On March 1, 2023, BB issued 30,000 shares. On October 1, 2023, BB Co. repurchased
BB Co. had 50,000 shares outstanding on January 1, 2023. On March 1, 2023, BB issued 30,000 shares. On October 1, 2023, BB Co. repurchased and cancelled 20,000 shares. BB Co. had net income of $300,000 in 2023. What is the company's weighted average number of shares outstanding on December 31, 2023 for the shares issued on January 1, 2023
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
