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Compute the weighted average number of shares

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Question - On January 1, 2020, Baker Pump Corporation had 100,000 shares of common stock outstanding. On March 1 the corporation issued 50,000 additional common shares to raise cash. On July 1, the corporation declared and issued a 4% stock dividend.  On October 1, the corporation purchased on the market 3,000 shares of its own outstanding stock. On November 30, the corporation issued a 3:1 stock split. Compute the weighted average number of shares to be used in computing earnings per share for 2020.

Reference no: EM132887507

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