When a company calculates its earnings per common share for its financial statements, it uses the weighted-average
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When a company calculates its earnings per common share for its financial statements, it uses the weighted-average number of common shares outstanding during the year. Enertec Corp. began its fiscal year (January 1 to December 31) with 5 million common shares outstanding. Additional common shares were issued during the year as shown in the following table.
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