Question: Bentley Corporation had 120 000 common shares outstanding on January 1
Bentley Corporation had 120,000 common shares outstanding on January 1, 2011. On May 1, 2011, Bentley issued 65,000 shares. On July 1, Bentley repurchased and cancelled 22,000 shares. Calculate Bentley's weighted average number of shares outstanding for the year ended December 31, 2011.
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