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On January 1, James Corporation had 50,000 shares of common stock outstanding. On April 1, the company reacquired 12,000 shares, and it declared a 20%
On January 1, James Corporation had 50,000 shares of common stock outstanding. On April 1, the company reacquired 12,000 shares, and it declared a 20% stock dividend on October 1. What is the weighted average number of shares outstanding?
44,167
50,000
None of the above
48,000
53,000
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