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Compute george town weighted-average number of shares

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Question - George Town Corporation had 120,000 shares of stock outstanding on January 1, 2017. On May1, 2017 George Town issued 60,000 shares. On July 1, George Town purchased 10,000 treasury shares, which were reissued on October 1. Compute George Town's weighted-average number of shares outstanding for 2017.

Reference no: EM133159272

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