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.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.1BE
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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
issued $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.
Transcribed Image Text:Question 2 0.1 pts 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 issued $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.
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