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Determine the weighted average of shares outstanding

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Question - A local boat manufacturing company, Pile of Ship, had the following fact pattern for its common shares:

Jan 1: 100,000 shares outstanding

Mar 1: Issued 20,000 shares

June 1: 50% stock dividend (60,000 shares issued)

Nov 1: Issued 30,000 shares

Dec 31: Ending Balance = 210,000 shares outstanding

The Company has a December 31 year-end. Determine the weighted average of shares outstanding?

Reference no: EM132983619

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