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Brief Exercise 16-10 Crane Corporation had 122,400 shares of stock outstanding on January 1, 2017. On May 1, 2017, Crane issued 63,600 shares. On July

Brief Exercise 16-10

Crane Corporation had 122,400 shares of stock outstanding on January 1, 2017. On May 1, 2017, Crane issued 63,600 shares. On July 1, Crane purchased 10,200 treasury shares, which were reissued on October 1. Compute Cranes weighted-average number of shares outstanding for 2017.

Weighted-average number of shares outstanding
$

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