Question: Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on

Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporation’s weighted average number of shares for the year?

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FORMULA Given Net income 200000 Preference dividend 7500 Calculation of Weigh... View full answer

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