Monday, 4 November 2019

Bridgeport Corporation had 117,600 shares of stock outstanding on January 1, 2017. On May 1, 2017,

Bridgeport Corporation had 117,600 shares of stock outstanding on January 1, 2017. On May 1, 2017, Bridgeport issued 67,200 shares. On July 1, Bridgeport purchased 10,080 treasury shares, which were reissued on October 1.

Compute Bridgeport’s weighted-average number of shares outstanding for 2017.

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