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Calculate the weighted average number of shares outstanding

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Reference no: EM133021764

Question - Crane Limited had 41,100 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 19,500 shares in exchange for equipment. On July 1, Crane Ltd.  repurchased and cancelled 10,200 shares. On October 1, 2020, Crane Ltd. declared and issued a 10% stock dividend. Calculate the weighted average number of shares outstanding for Crane Ltd. for the year ended December 31, 2020.

Reference no: EM133021764

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