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On january 1 2014 jay company had 10000 shares of 1 par

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On January 1, 2014, Jay Company had 10,000 shares of $1 par common stock outstanding, and 4,000 shares of $100 par value, 7% cumulative, nonconvertible preferred stock. On April 1, 2014, Jay Company had a 2-for-1 stock split. On July 1, 2014, Jay Company issued 5,000 additional shares of common stock.

What is the weighted average shares outstanding to be used in basic earnings per share for 2014?

Reference no: EM13580985

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