Solved: What is the weighted average number of shares, Financial Accounting

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What is the weighted average number of shares

Response to the following problem:

Blake Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On May 13, Blake distributed a 5% stock dividend. On August 1, 1,200 shares were retired. What is the weighted average number of shares for calculating EPS?

PLEASE SHOW CALCULATIONS ON HOW YOU ARRIVED AT YOUR ANSWER.

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Financial Accounting: What is the weighted average number of shares

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