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XYZ Company had the following shares outstanding during the year: 100,000 shares from January...

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Question

Accounting

XYZ Company had the following shares outstanding during the year:

  • 100,000 shares from January 1 to March 31
  • 150,000 shares from April 1 to September 30
  • 200,000 shares from October 1 to December 31

What is the weighted average number of common shares for the year?

a.

125,000

b.

175,000

c.

200,000

d.

150,000

Answer & Explanation Solved by verified expert
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