On january 1 2015 gridley corporation had 250000 shares of, Ask an Expert

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On January 1, 2015, Gridley Corporation had 250,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 500,000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 280,000 shares and immediately retired the stock. On November 1, 400,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2015? (Please provide detailed calculations and details as to where the numbers came from)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92060875

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