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On January 1 , 2 0 1 9 , Gridley Corporation had 1 2 5 , 0 0 0 shares of its $ 2 par

On January 1,2019, Gridley Corporation had 125,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 250,000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 140,000 shares and immediately retired the stock. On November 1,200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2019?
Answer Calculations:
a.510,000
b.375,000
c.358,333
d.258,333
Answer 3:
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