shares. On November $1,$ the corporation repurchased on the market $9,900$ of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options.

$($a$)$

Correct Answer $($Used$)$

Your answer is incorrect.

Calculate the weighted average number of shares outstanding as at December $31,2023.($Round answer to $0$ decimal places, e$.$g$.5,255.)$

Weighted average number of shares outstanding

shares

eTextbook and Media

Solution

$($b$)$

Your answer is incorrect.

Assume that Oriole Manufacturers had a $1-$for$-10$ reverse stock split instead of a $10\%$ stock dividend on July $1,2023.$

Calculate the weighted average number of shares outstanding as at December $31,2023.($Round answer to $0$ decimal places, e$.$g$.5,255.)$

Weighted average number of shares outstanding

shares

eTextbook and Media

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