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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?
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