Solve the weighted average number of common shares to use

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Carla Vista Inc. has 282,000 common shares outstanding throughout the year. On June 30, Carla Vista issued 5,500 convertible preferred shares that are convertible into 2 common shares each.

Question 1: Calculate the weighted average number of common shares to use in calculating the diluted EPS. Assume that the preferred shares are dilutive.

Reference no: EM132544412

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