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Compute Weighted-Average Number of shares outstanding levi's consultants began the current year with 100,000 common shares...

Compute Weighted-Average Number of shares outstanding

levi's consultants began the current year with 100,000 common shares outstanding. On june 15 it issued 26,000 shares. On August 30 the company issued 16,000 more shares. The company implemented a 2 for 1 stock split on September 31. On December 1 the company also purchased 5,000 shares of common stock.

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Share outstanding Portion of days outstanding Weighted share
14-Jun 100,000 100,000*165/365 45205.47945
29-Aug 126,000 126,000*75/365 25890.41096
30-Sep 142000 142000*31/365 12060.27397
Total 83156.16438
01-Oct Restated:Stock split in2:1 i.e. multiply it by 2 *2 There is 30 Days in month of September
166312.3288
30-Nov 284000 284000*60/365 46684.93151
31-Dec 279000 279000*30/365 22931.50685
Weighted average number of share 69616.43836
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