15 Feb Compute Weighted-Average Number of Shares Outstand
Compute Weighted-Average Number of Shares Outstanding. Elmwood Excavation Consultants began the current year with 30,000 common shares outstanding. It issued additional shares of 15,000 and 18,000 on March 1 and August 1, respectively. The company also purchased 3,000 shares of treasury stock on November 1. The firm’s year end is December 31. Based on this information, determine the weighted- average number of common shares outstanding for the year. .