Weighted average shares outstanding basics


Milo Co. had 900,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 57,000 shares on November 1. The weighted average shares outstanding for the year is:

A) 953,500.

B) 972,500.

C) 993,500.

D) 1,014,500.

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Accounting Basics: Weighted average shares outstanding basics
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