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I don't wanna solution, only final answer should be fine. I posted these questions for third time, so do it correctly please. Martinez Limited reported
I don't wanna solution, only final answer should be fine. I posted these questions for third time, so do it correctly please.
Martinez Limited reported profit of $446,040 for its November 30, 2017, year end. Cash dividends of $87,000 on the common shares and of $63,300 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Martinez's common shares: Dec. 1, 2016 The opening number of common shares was 65,500. Feb. 28, 2017 Sold 9,100 common shares for $191,100 cash. May 31, 2017 Reacquired 4,550 common shares for $213,850 cash. Nov. 1, 2017 Issued 13,650 common shares in exchange for land with a fair value of $250,000. Calculate the weighted average number of common shares for the year. (Round answer to 0 decimal places, e.g. 5,276.) Weighted average number of sharesStep by Step Solution
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