Question: please solve this? On January 1, a corporation had 36,000 shares of common stock outstanding.  On April 1 it reacquired 2,400 shares; on July 1 it issued 10,800 shares; on October 1 it issued another 9,600 shares; and on December 1 it reacquired 600 shares.  What is the weighted average number of common shares outstanding for the year?

Answer: I am tempted to say common shares outstanding = (36000 - 2400 + 10800 + 9600 - 600)\n= 53400
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