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JKL had a net income of $1,000,000 during the fiscal year ended December 31, 2016. It also paid out a dividend on preferred stock amounting
JKL had a net income of $1,000,000 during the fiscal year ended December 31, 2016. It also paid out a dividend on preferred stock amounting to 100,000 during that year. At the beginning of the year, JKL had 100,000 common shares outstanding. On July 1, 2016, the corporation issued another 80,000 common shares.
A) What is the weighted average number of shares for JKL for 2016?
B) What were the earnings per share for JKL for 2016?
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