Answer:
184,620 shares
Explanation:
The computation of the weighted-average number of shares outstanding is shown below:
On January 1, 2017 to May 1, 2017
= 141,600 shares × 4 months ÷ 12 months
= 47,200 shares
On May 1, 2017 to July 1, 2017
= 141,600 shares + 68,400 shares × 2 months ÷ 12 months
= 35,000 shares
On July 1, 2017 to October 1, 2017
= 141,600 shares + 68,400 shares - 10,320 shares × 3 months ÷ 12 months
= 49,920 shares
On October 1, 2017 to December 31, 2017
= 141,600 shares + 68,400 shares - 10,320 shares + 10,320 shares × 3 months ÷ 12 months
= 52,500 shares
So, the Weighted-average number of shares outstanding would be
= 47,200 shares + 35,000 shares + 49,920 shares + 52,500 shares
= 184,620 shares
