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Calculate the weighted average of common shares

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Reference no: EM131824173

Alley Corporation had 300,000 shares of common stock issued and outstanding on January 1, 2013. On March 1, 30,000 shares were issued. On July 1, 25,000 shares were retired.

A 2-for-1 stock split was issued on November 1.

Instructions: calculate the weighted average of common shares outstanding for 2013.

 

Reference no: EM131824173

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