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Calculate the weighted average number of shares

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Question - Oriole Limited had 42,300 common shares outstanding on January 1, 2020. On March 1, 2020, Oriole issued 20,400 shares in exchange for equipment. On July 1, Oriole repurchased and cancelled 9,900 shares. On October 1, 2020, Oriole declared a 1-for-2 reverse stock split. Calculate the weighted average number of shares outstanding for Oriole for the year ended December 31, 2020.

Reference no: EM132479715

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