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EXAMPLE: Weighted average shares outstanding Johnson Company has 10,000 shares outstanding at the beginning of the year. On April 1, Johnson issues 4,000 new

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EXAMPLE: Weighted average shares outstanding Johnson Company has 10,000 shares outstanding at the beginning of the year. On April 1, Johnson issues 4,000 new shares. On July 1, Johnson distributes a 10% stock dividend. On September 1, Johnson repurchases 3,000 shares. Calculate Johnson's weighted average number of shares outstanding for the year, for its reporting of basic earnings per share.

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