Company Q bought and sold its own stock during the year and hence the hadoutstanding shares as follows:1st Quarter = 85,0002nd Quarter = 90,0003rd Quarter = 88,0004th Quarter = 84,000What are the average shares outstanding for the year?

Average shares outstanding, often abbreviated as "ASO," is a financial metric used by investors and…

Answered: Company Q bought and sold its…

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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Company Q bought and sold its outstanding shares as follows: 1st Quarter = 85,000 2nd Quarter = 90,000 3rd Quarter = 88,000 4th Quarter = 84,000 What are the average shares outstanding for the year?