Blue Spruce Limited reported profit of $ for its November year end. Cash dividends of $ on the common shares and $ on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Blue Spruce's common shares:
Dec. The opening number of common shares was
Feb. Sold common shares for $ cash.
May Reacquired common shares for $ash
Nov. Issued common shares in exchange for land with a fair value of $
a
Question Part Score
b
Calculate the weighted average number of common shares for the year.
Weighted average number of shares
