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Given the Following Sequence of Events,determine the Weighted Average Number

Question 107

Multiple Choice

Given the following sequence of events,determine the weighted average number of shares for earnings per share purposes: January 1 100 common shares issued and outstanding
April 1 issued 50 previously unissued shares
May 1 split the stock 2-for-1
June 30 purchased 100 shares for the treasury
July 30 distributed a 20% stock dividend
December 31 Split the stock 3-for-1


A) 1,125
B) 475
C) 270
D) 810

Correct Answer:

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