Question
On January 1, 2025, Sandhill Corporation had 390000 shares of its $2 par value common stock outstanding. On March 1, Sandhill sold an additional 748000
On January 1, 2025, Sandhill Corporation had 390000 shares of its $2 par value common stock outstanding. On March 1, Sandhill sold an additional 748000 shares on the open market at $20 per share. Sandhill issued a 20% stock dividend on May 1. On August 1, Sandhill purchased 414000 shares and immediately retired the stock. On November 1, 595000 shares were sold for $25 per share.
What is the weighted-average number of shares outstanding for 2025?
O 719880
O 521547
O 1546600
O 1142667
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Governmental Accounting Auditing And Financial Reporting
Authors: Michele Mark Levine, Todd Buikema
10th Edition
0891250107, 978-0891250104
