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Windsor Corporation had 141,600 shares of stock outstanding on January 1, 2017. On May 1, 2017,...

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Accounting

Windsor Corporation had 141,600 shares of stock outstanding onJanuary 1, 2017. On May 1, 2017, Windsor issued 48,000 shares. OnJuly 1, Windsor purchased 9,600 treasury shares, which werereissued on October 1. Compute Windsor’s weighted-average number ofshares outstanding for 2017.

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--Correct Answer = 171,200 shares

No. of shares Cumulative no. of shares outstanding Period they remained outstanding Weighted Average no. of shares outstanding
Beginning Balance                      141,600                                   141,600 1 Jan to 30 April = 4 months                                         47,200 [141600 x 4/12]
May 1: Issued                        48,000                                   189,600 1 May to 30 June = 2 months                                         31,600 [189600 x 2/12]
Jul 1: Treasury Stock                        (9,600)                                   180,000 1 Jul to Sept 30 = 3 months                                         45,000 [180000 x 3/12]
Oct 1: Reissued                          9,600                                   189,600 1 Oct to 31 Dec = 3 months                                         47,400 [189600 x 3/12]
Weighted Average no. of shares outstanding for 2017                                                                        171,200 = Answer

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