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Calculate the weighted average number of shares outstanding

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Question - Crane Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 20,100 shares in exchange for equipment. On July 1, Crane repurchased and cancelled 11,700 shares. On October 1, 2020, Crane declared a 1-for-2 reverse stock split. Calculate the weighted average number of shares outstanding for Crane for the year ended December 31, 2020.

Reference no: EM133088309

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