Solved: What is the weighted average number of shares to be used, Accounting Basics

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What is the weighted average number of shares to be used

Question - A company had 10,000 shares outstanding on 1/1. 1,000 new shares were issued on 6/1, and 1,750 shares of treasury stock were purchased on 9/1. What is the weighted average number of shares to be used for the year-end earnings per share calculation (if necessary, round to the nearest whole share)?

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Accounting Basics: What is the weighted average number of shares to be used

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