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Yellowtail Inc. began the current year with 50,000 common shares outstanding, It declared a 2-for-1...

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Accounting

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Yellowtail Inc. began the current year with 50,000 common shares outstanding, It declared a 2-for-1 stock split on March 1. Yellowtail retired 24,000 shares of stock on October 1. The firm's year end is December 31. Based on this information, determine the weighted-average number of common share outstanding for the year

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