INTERMEDIATE EXAMINATION: SEPTEMBER 2024Inter
A Ltd. had 1,50,000 shares of common stock outstanding on 1 April, 2023. Additional 50,000 shares were issued on 1 November, 2023 and 32,000 shares were bought back on 1 February, 2024. Calculate the weighted average number of shares outstanding at the year ended on 31 March, 2024 is:
A
(A) 1,34,500 shares
B
(B) 1,65,500 shares
C
(C) 1,76,167 shares
D
(D) 1,23,833 shares