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B WEIGHTED AVERAGE SHARES OUTSTANDING The following information is available for Jacob Corporation: January 1, 2013 Shares outstanding May 31, 2013 August 31, 2013 Treasury
B WEIGHTED AVERAGE SHARES OUTSTANDING The following information is available for Jacob Corporation: January 1, 2013 Shares outstanding May 31, 2013 August 31, 2013 Treasury shares purchased November 1, 2013 Shares issued 1,000, 000 240,000 72,000 96,000 Shares issued Calculate the weighted average shares outstanding for the year (if necessary, round to the nearest share. (5 points)
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