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Compute the weighted-average common shares

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Richman Company had 100,000 shares of common stock outstanding as of January 1, 2017. The following common stock transactions occurred during 2017.

March 1      Issued 20,000 shares for cash
June 1        Issued a 10% stock dividend
Sept 1       Reacquired 10,000 shares as treasury stock
Nov 1       Sold the 10,000 treasury shares for cash.

Problem 1: Compute the weighted-average common shares for 2017.

Reference no: EM132824898

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