CPA · Question 05 · Area I: Financial Reporting
A company had the following equity transactions in Year 1:<br/>- Jan 1: 100,000 shares outstanding.<br/>- Apr 1: Issued 20,000 shares.<br/>- July 1: Declared and issued a 10% stock dividend.<br/>- Oct 1: Purchased 12,000 shares as treasury stock.<br/><br/>What is the weighted average number of shares outstanding (WASO) for Year 1?
Answer options:
118,000
124,000
123,500
129,800
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