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Compute crane weighted-average number of shares

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Question - Crane Corporation had 135,600 shares of stock outstanding on January 1, 2017. On May 1, 2017, Crane issued 48,000 shares. On July 1, Crane purchased 10,800 treasury shares, which were reissued on October 1.

Compute Crane's weighted-average number of shares outstanding for 2017.

Reference no: EM131932398

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