Headland Corporation had 121,200 shares of stock outstanding on January 1, 2020. On May 1, 2020, Headland issued 55,200 shares. On July 1, Headland purchased 9,480 treasury shares, which were reissued on October 1. Compute Headland’s weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding

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Chapter1: Financial Statements And Business Decisions
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Headland Corporation had 121,200 shares of stock outstanding on January 1, 2020. On May 1, 2020, Headland issued 55,200 shares. On July 1, Headland purchased 9,480 treasury shares, which were reissued on October 1.

Compute Headland’s weighted-average number of shares outstanding for 2020.

Weighted-average number of shares outstanding  
 
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