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On December 31, 2023, Sheridan Corporation had 5,930, $2 preferred shares and 68,800 common shares issued. During 2024, the company completed the following share transactions:
On December 31, 2023, Sheridan Corporation had 5,930, $2 preferred shares and 68,800 common shares issued. During 2024, the company completed the following share transactions: Apr. 1 Sold 8,600 common shares for $5,930 cash. Sept. 30 Reacquired 4,500 common shares for $1,600 cash. Sheridan's profit in 2024 was $533,700. (a) * Your answer is incorrect. Calculate the weighted average number of common shares for 2024. Weighted average number of shares
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