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On January 1, Pater Corporation Had 10,000 Preferred Shares and 50,000

Question 7

Multiple Choice

On January 1, Pater Corporation had 10,000 preferred shares and 50,000 common shares issued. On April 1, Pater issued 12,000 common shares. The weighted average number of shares for the calculation of earnings per share is:


A) 50,000.
B) 56,000.
C) 59,000.
D) 62,000.

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