Gus Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On May 13, Gus distributed a 5% stock dividend. Gus retired 1,200 shares on August 1. What is the weighted-average number of shares for calculating Gus' EPS?

Gus Distributors had 100,000 common shares outstanding at the beginning of the year, January 1. On May 13, Gus distributed a 5% stock dividend. Gus retired 1,200 shares on August 1. What is the weighted-average number of shares for calculating Gus' EPS?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...

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