On January 1, 2023, Ivanhoe Manufacturers had 246,000 common shares outstanding. On April 1, the corporation issued 24,600 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 11,700 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. × Your answer is incorrect. Calculate the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g. 5,255.) Weighted average number of shares outstanding 262500 shares
On January 1, 2023, Ivanhoe Manufacturers had 246,000 common shares outstanding. On April 1, the corporation issued 24,600 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 11,700 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. × Your answer is incorrect. Calculate the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places, e.g. 5,255.) Weighted average number of shares outstanding 262500 shares
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Munabhai
Transcribed Image Text:On January 1, 2023, Ivanhoe Manufacturers had 246,000 common shares outstanding. On April 1, the corporation issued 24,600 new
common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common
shares. On November 1, the corporation repurchased on the market 11,700 of its own outstanding common shares to make them
available for issuances related to its key executives' outstanding stock options.
× Your answer is incorrect.
Calculate the weighted average number of shares outstanding as at December 31, 2023. (Round answer to O decimal places,
e.g. 5,255.)
Weighted average number of shares outstanding
262500
shares
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