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Argonaut Enterprises had 500,000 shares of common stock outstanding on January 1. On june 1, Argonaut issued an additional 60,000 common shares. Argonaut has no

Argonaut Enterprises had 500,000 shares of common stock outstanding on January 1. On june 1, Argonaut issued an additional 60,000 common shares. Argonaut has no treasury stock. the weighted average number of common shares outstanding for the year was?

The answer is 535000.

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