Forgette Steel Ltd. had 55,000 common shares outstanding at January 1. The company issued 10,000 shares on June 1, issued 7,000 shares on September 30, and reacquired 5,000 shares on December 1. The weighted average number of shares for the year would be 72,850. 77,000. 67,000. 62,167. Save for Later Attempts: 0 of 1 used Submit Answer

Forgette Steel Ltd. had 55,000 common shares outstanding at January 1. The company issued 10,000 shares on June 1 , issued 7,000 shares on September 30, and reacquired 5,000 shares on December 1 . The weighted average number of shares for the year would be 72,850 . 77,000. 67,000 . 62,167