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A portion of the combined statement of income and retained earnings of Crane Ltd . for the current year ended December 3 1 , 2
A portion of the combined statement of income and retained earnings of Crane Ltd for the current year ended December follows:
Income before discontinued operations
Loss from discontinued operations, net of applicable income tax Note
$
Net income
Retained earnings at beginning of year
Dividends declared:
On preferred shares, $ per share
$
On common shares, $ per share
Retained earnings at end of year
Note During the year, Crane suffered a loss from discontinued operations of $ after the applicable income tax reduction of $
At the end of Crane has outstanding million common shares and preferred shares.
April Crane issued million common shares for $ per share to help finance the loss.
At the end of Crane has cutstanding million cammon shares ad preferred shares.
On April Crane issued millinn common shares for $ per share to help finance the loss.
a
Determine the weighted average numher of slares autstanding as at Decemier :
Weighted average number of shares autstanctine
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