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Compute abc''s weighted-average common shares outstanding

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Problem

ABC Inc. had net income of $200,000 and declared preferred dividends of $25,000 during the current year. ABC began the year with 20,000 common shares outstanding. It issued 30,000 shares on June 30 and repurchased 6,000 of the newly issued shares on November 1. Compute ABC's weighted-average common shares outstanding for the year.

Reference no: EM131780205

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