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Compute Blue weighted-average number of shares

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Question - Blue Corporation had 136,800 shares of stock outstanding on January 1, 2020. On May 1, 2020, Blue issued 67,200 shares. On July 1, Blue purchased 9,360 treasury shares, which were reissued on October 1.

Required - Compute Blue's weighted-average number of shares outstanding for 2020.

Reference no: EM132656632

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