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Calculate the weighted average number of shares

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Question - Wave Inc. had 110,000 common shares on January 1, 2021. On March 1, 40,000 shares were issued. On August 1, 20,000 shares were repurchased. Calculate the weighted average number of shares for 2021.

a. $150,000

b. $120,000

c. $135,000

d. $135,000

e. $110,000

Reference no: EM133127544

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