Question
Blue Corporation had 136,800 shares of stock outstanding on January 1, 2020. On May 1, 2020, Blue issued 67,200 shares. On July 1, Blue purchased
Blue Corporation had 136,800 shares of stock outstanding on January 1, 2020. On May 1, 2020, Blue issued 67,200 shares. On July 1, Blue purchased 9,360 treasury shares, which were reissued on October 1.
Compute Blue's weighted-average number of shares outstanding for 2020.
Weighted-average number of shares outstanding
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
