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Cent Inc. had 110,000 common shares on January 1, 2021. On March 1, 40,000 shares...

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Accounting

Cent Inc. had 110,000 common shares on January 1, 2021. On March 1, 40,000 shares were issued. On August 1, 20,000 shares were repurchased. Calculate the weighted average number of shares for 2021.

a) 131 667

b) 135 000

c) 120 000

d) 110 000

e) 150 000

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