Stock Transactions: Weighted Average Number of Shares
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X Co. had the following stock transactions during the fiscal year ended June 30, 20X4:
Beginning stick balance, July1, 20X3 100,000 shares
2:1 stock split, September 30, 20X3
Issuance of additional shares, January 1, 20X4 50,000 shares
Repurchase of shares, June 23, 20X4 1,040 shares
What was X Co's weighted average number of shares outstanding at June 30, 20X4?
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Solution Summary
The weighted average number of shares is determined after the fiscal year ended.
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