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Compute the weighted average number of common shares

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Question - Albatross Shipping had 100,000 shares of common stock outstanding on January 1. On August 31, Albatross issued an additional 30,000 common shares. Albatross had 10,000 shares of treasury stock that they held all year. Compute the weighted average number of common shares outstanding for the year?

A. 112,500

B. 130,000

C. 100,000

D. 110,000

Reference no: EM132170104

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