Question 20.1 ptsJupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714 shares of common stock and issued 245 more after 6 months. Theyissued $5,000 in preferred dividends for the year.What is Jupiter Corporation's weighted average number of shares for the year? Round to the nearest dollar, no decimals.

Weighted average no of share calculation To calculate weight shares we have to consider shares at the beginning , and shares at the end shares at the beginning = 4714 no of months for weight calculation is 12 months shares issued after 6 months= 245 no of months for weight calculation is 6 months =4714*12m/12m+245*6m/12m =4714+123 4837 rounded off

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Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714 shares of common stock and issued 245 more after 6 months. They ssued $5,000 in preferred dividends for the year. What is Jupiter Corporation's weighted average number of shares for the year? Round to the nearest dollar, no decimals.

Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714 shares of common stock and issued 245 more after 6 months. They ssued $5,000 in preferred dividends for the year. What is Jupiter Corporation's weighted average number of shares for the year? Round to the nearest dollar, no decimals.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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