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Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2017. On May 1,...

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Question

Accounting

Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2017. On May 1, 2017, Douglas

issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued on October 1. Compute Douglass

weighted-average number of shares outstanding for 2017.

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