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Calculate the weighted-average number of common shares

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Reference no: EM132488356

Liberty Ventures Inc. reported $350,400 profit in 2020 and declared preferred dividends of $17,800. The following changes in common shares outstanding occurred during the year:

Jan.1st 130,000 common shares were outstanding.

June.30 Sold 30,000 common shares.

Sept.1 Declared and issued a 14% common share dividend.

Nov.2 Sold 6,000 common shares.

Question 1: Calculate the weighted-average number of common shares outstanding during the year and earnings per share.

Weighted-average outstanding shares?

Earnings per share?

Reference no: EM132488356

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