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Calculate the weighted average number of shares outstanding for Company CC, which has 50,000 shares outstanding in the first half of the year and issues

  • Calculate the weighted average number of shares outstanding for Company CC, which has 50,000 shares outstanding in the first half of the year and issues an additional 10,000 shares in the second half of the year. Discuss the significance of weighted average shares outstanding in computing earnings per share (EPS) and its implications for financial reporting and analysis.

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