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Calculate the number of shares outstanding at December

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Problem - On January 1, 2020, Sheridan Corporation had 162,000 common shares outstanding. On April 1, the company issued an additional 54,000 shares. On July 1, the company repurchased and cancelled 63,000 common shares. On November 1, the company issued 108,000 new shares. Calculate the number of shares outstanding at December 31, 2020, and the weighted average number of shares for 2020.

Reference no: EM132852891

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