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Lavender corporation had 10000 shares of common stock

Lavender Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On July 1, it issued 5,000 shares, and on September 1 it reacquired 600 shares as treasury stock.

1. What is the weighted average number of common shares the company will use in computing its earnings per share?

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Accounting Basics: Lavender corporation had 10000 shares of common stock

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Accounting Basics: Lavender corporation had 10000 shares of common stock

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