On 1 January 2018, a company's issued share capital consisted of 80,000 ordinary shares RO...
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On 1 January 2018, a company's issued share capital consisted of 80,000 ordinary shares RO 1 each. On 1 july 2018, the company issued 50,000 ordinary shares. On 1 August 2018, the company bought back 30,000 ordinary shares. Both the share issue and the buy-back were made at full market price. Calculate the weighted average number of ordinary shares outstanding in the year 31 December 2018. A. 95,000 shares B. 100,000 shares O C. 92,500 shares D. None of the other option
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