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  3. 2 jenks corp, began the year with 200,000 shares o

2 Jenks Corp, began the year with 200,000 shares of common stock and 30,000o shares...

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Accounting

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2 Jenks Corp, began the year with 200,000 shares of common stock and 30,000o shares of 7%, $100 par value, cumulative, nonconvertible preferred stock. On Ma declared a 5% stock rch 1 it dividend on common shares. On June 30, it purchased 10,000 come asuny stock On October 1, Jenks declared a 2 for 1 stock split. Net in shares of treasury for the year was $650,000. Instructions nd basic EPS. Compute weighted average shares of common stock for the year a

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