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  3. blue spruce limited reported profit of $472,686 fo

Blue Spruce Limited reported profit of $472,686 for its November 30,2024, year end. Cash dividends...

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Accounting

Blue Spruce Limited reported profit of $472,686 for its November 30,2024, year end. Cash dividends of $63,700 on the common shares and $60,000 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Blue Spruce's common shares:
Dec. 1,2023 The opening number of common shares was 55,100.
Feb. 28,2024 Sold 8,800 common shares for $220,000 cash.
May 31,2024 Reacquired 4,400 common shares for $101,200ash.
Nov. 1,2024 Issued 13,200 common shares in exchange for land with a fair value of $280,000.
(a).
Question Part Score
22
(b)
Calculate the weighted average number of common shares for the year.
Weighted average number of shares
image

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