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    balvinder123's Avatar
    balvinder123 Posts: 5, Reputation: 1
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    #1

    Oct 26, 2013, 03:46 PM
    Accounting question on common shares (basic)
    Turner Limited had 20,000 common shares on January 1, 2014. On April 1, 8,000 shares were repurchased. On August 31, 10,000 shares were issued.

    (a1) Calculate the number of shares outstanding at December 31, 2014.

    is it 20000-8000+10000=22000?


    (a2) Calculate the weighted average number of shares for 2014.

    is there a formula to find this? please help I don't know how to find it out
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Oct 26, 2013, 08:00 PM
    If you Google "determining weighted number of shares ",it will show you how to compute it. You need to make some assumptions par value etc.but yes 22,000. You will need all numbers, shares and dates to determine weighted valued.
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