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Compute george weighted - average common shares

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Question - George Manufacturing had net income of $125,000 and declared preferred dividends of $15,000 during the current year. George began the year with 20,000 common shares outstanding. It issued 60,000 shares on I June 30 and repurchased 6,000 of the newly issued shares on November 1. Compute George's weighted - average common shares outstanding for the year.

Reference no: EM133157162

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