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On January 1,2017,Bedrock Corporation Had Outstanding 90,000 Common Shares

Question 171

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On January 1,2017,Bedrock Corporation had outstanding 90,000 common shares.On March 1,2017,Bedrock Corporation issued an additional 5,000 common shares for cash.On May 31,2017,Bedrock Corporation received equipment with a current market value of $60,000 in exchange for issuing 3,000 common shares.On August 1,2017,Bedrock Corporation reacquired 5,000 of its own shares by paying shareholders $25 per share.On November 1,2017,1,000 of the repurchased shares were resold.
Compute the weighted-average number of shares outstanding to be used in the earnings per share calculation.

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