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What is the weighted-average number of shares outstanding for 2025?

What is the weighted-average number of shares outstanding for 2025?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting 

On January 1, 2025, Blossom Corporation had 381000 shares of its $2 par value common stock outstanding. On March 1, Blossom sold an additional 756000 shares on the open market at $20 per share. Blossom issued a 20% stock dividend on May 1. On August 1, Blossom purchased 419000 shares and immediately retired the stock. On November 1, 610000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2025? O 1140283 O 515045 O 1555400 O 718378
Transcribed Image Text:On January 1, 2025, Blossom Corporation had 381000 shares of its $2 par value common stock outstanding. On March 1, Blossom sold an additional 756000 shares on the open market at $20 per share. Blossom issued a 20% stock dividend on May 1. On August 1, Blossom purchased 419000 shares and immediately retired the stock. On November 1, 610000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2025? O 1140283 O 515045 O 1555400 O 718378
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