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26. Jackson Company started 2021 with 110,000 shares of stock outstanding and had the following stock transactions during 2021: March 31: Purchased 10,000 shares of treasury stock July 1: Split their stock 2 to 1 What was Jackson's 2021 weighted average shares outstanding?

26. Jackson Company started 2021 with 110,000 shares of stock outstanding and had the following stock transactions during 2021: March 31: Purchased 10,000 shares of treasury stock July 1: Split their stock 2 to 1 What was Jackson's 2021 weighted average shares outstanding?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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26. Jackson Company started 2021 with 110,000 shares of stock outstanding and had the following stock transactions during 2021: March 31: Purchased 10,000 shares of treasury stock July 1: Split their stock 2 to 1 What was Jackson's 2021 weighted average shares outstanding?
Transcribed Image Text:26. Jackson Company started 2021 with 110,000 shares of stock outstanding and had the following stock transactions during 2021: March 31: Purchased 10,000 shares of treasury stock July 1: Split their stock 2 to 1 What was Jackson's 2021 weighted average shares outstanding?
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