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Calvert Excavation Consultants began the current year with 31,800 common shares outstanding. It issued additional...

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Accounting

Calvert Excavation Consultants began the current year with 31,800 common shares outstanding. It issued additional shares of 16,800 and 20,400 on April 1 and September 1, respectively. The company also purchased 5,400 shares of treasury stock on November 1. The firm's year end is December 31. Based on this information, compute the weighted-average number of common shares outstanding for Calvert Excavation Consultants assuming that the company implemented a 8 % stock dividend on December

1. (Enter a decrease in shares outstanding with a minus sign or parentheses.)

Number of Shares

Weight by Number of Months

Weighted-Average

Date

Event

Outstanding

Shares Are Outstanding

Shares Outstanding

1/1

Balance

4/1

New Issue

9/1

New Issue

11/1

Treasury Stock Purchase

Subtotal

12/1

8% Stock Dividend

12/31

Balance

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