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29-04-2024
Business

Answered

On January 1, 2025, Ivanhoe Corporation had 373000 shares of its $2 par value common stock outstanding. On March 1, Ivanhoe sold an additional 752000 shares on the open market at $20 per share. Ivanhoe issued a 20% stock dividend on May 1. On August 1. Ivanhoe purchased 425000 shares and immediately retired the stock. On November 1, 602000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 20257

A. 1122850
B. 707396
C. 506729
D. 1527000

Answer :

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