Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ivanhoe Inc. presented the following data: Net income $ 5 , 5 9 4 , 4 0 0 Preferred shares: 6 6 , 6 0
Ivanhoe Inc. presented the following data:
Net income
$
Preferred shares: shares outstanding, $ par, cumulative, not convertible
$
Common shares: Shares outstanding, Jan.
Issued for cash, May
Acquired treasury shares for cash, Sept. shares cancelled
for stock split, Oct.
As at January there were no dividends in arrears. On December Ivanhoe declared and paid the preferred dividend for
a
Calculate the weighted average number of common shares at December Round answer to decimal places, eg
Weighted average number of shares outstanding
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started