On January 1, 2011, Pedico Corporation had 125,000 shares of its $2 par value common stock outstanding. On March 1, Pedico sold an additional 250,000 shares on the open market at $20 per share. Pedico issued a 20% stock dividend on May 1. On August 1, Pedico purchased 140,000 shares and immediately retired the stock. On November 1, 200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2011?

Answer rating: 100% (QA)

ANS WER There are a total of 5 35 000 shares outstanding for ... View the full answer