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Concord Corporation had 129,600 shares of stock outstanding on January 1, 2020. On May 1, 2020,...

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Accounting

Concord Corporation had 129,600 shares of stock outstanding onJanuary 1, 2020. On May 1, 2020, Concord issued 64,800 shares. OnJuly 1, Concord purchased 10,560 treasury shares, which werereissued on October 1. Compute Concord’s weighted-average number ofshares outstanding for 2020. Weighted-average number of sharesoutstanding

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Solution As per the information given in the question we have 1Number of shares of Concord corporation outstanding as on January 1 2020 is 129600 shares 2On May 1 2020 Concord issued 64800 shares 3 On July 1 Concord purchased 10560 treasury shares 4 10560 treasury shares were reissued on October 1    See Answer
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Concord Corporation had 129,600 shares of stock outstanding onJanuary 1, 2020. On May 1, 2020, Concord issued 64,800 shares. OnJuly 1, Concord purchased 10,560 treasury shares, which werereissued on October 1. Compute Concord’s weighted-average number ofshares outstanding for 2020. Weighted-average number of sharesoutstanding

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