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Gualtieri Inc S Shareholders Equity Accounts Were As Follows at The
Gualtieri Inc S Shareholders Equity Accounts Were As Follows at The
Gualtieri Inc S Shareholders Equity Accounts Were As Follows at The
Gualtieri Inc.'s shareholders' equity accounts were as follows at the beginning of the current
fiscal year, August 1, 2011:
Retained earnings......................................................................2,250,000
Feb. 1 Reacquired and retired 10,000 common shares for $21 per share.
June 20 Declared the annual preferred dividend to shareholders of record on July 10, payable
on July 31.
July 31 Profit for the year ended July 31, 2012, was $1,280,000.
Instructions
(a) Calculate the weighted average number of common shares for the year.
(c) Why is it important to use a weighted average number of shares in the calculation of
earnings per share? Why not just use the number of shares issued at year end?
ANSWER
http://paperinstant.com/downloads/gualtieri-inc-s-shareholders-equity-accounts-were-as-follows-
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at-the/
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