The following information is available for Jules Corporation (12/31 year-end). Jules has no securities that could be turned into common stock; they only have common stock, as noted below. At the end of 2022, Jules had 8,000,000 shares of common stock. Jules issued a 20% stock dividend on July 1, 2023. Jules issued 8,000,000 new shares of common stock for cash on July 1, 2024. On December 1, 2025, Jules issued a 2-for-1 stock split.

Assume the following two-year comparatives:

A. 2023 and 2024 comparatives (so 2025 has not happened yet).

-What is the weighted average number of shares for 2023? What is the weighted average number of shares for 2024?

B. 2024 and 2025 comparatives (so 2025 has happened).

-What is the weighted average number of shares for 2024? What if the weighted average number of shares for 2025?

HINT: Your weighted average number of shares for 2024 won’t be the same for part a vs. part b.

Answer rating: 100% (QA)

A 2023 and 2024 comparatives so 2025 has not happened yet The weighted average number of ... View the full answer