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Answer is C
1,000,000×1.1 =1,100,000 =STO1
400,000 ×3/12 = 100,000 = STO2
RCL1+ RCL2 = 1,200,000
Thanks for answering.
I have a question, I did this way but got the wrong answer can you explain why?
1100000*9/12+700000*3/12 = 1,000,000
hey, for the stock divident issued the month it is issued doesn’t matter stock dividend is issued on all the outstanding stock and it is not adjusted for the time period.
Why are you using 700000 when in the question it is given 400000??
oh sorry, I did wrong, I have to add them not subtract because they sold not purchased.
Now 1100000*9/12+1500000*3/12 = 1,200,000