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Way Inc. 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May...

Way Inc. 800,000 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 54,000 shares on November 1. The weighted average shares outstanding for the year is?

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Answer #1
Date No. of Shares Cummulative Outstanding Cummulative is O/s for (months) Weighted Average Shares
01-Jan 800000 800000 4          2,66,667
01-May 126000 926000 4          3,08,667
01-Sep -63000 863000 2          1,43,833
01-Nov 54000 917000 2          1,52,833
Total          8,72,000

Different Method:

Date No. of Shares Shares Outstanding for (Months) Weighted Average Shares
01-Jan 800000 12 800000
01-May 126000 8 84000
01-Sep -63000 4 -21000
01-Nov 54000 2 9000
Total 872000
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