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The denominator used in the calculation of basic earnings per share is the: a. number of preferred shares outstanding at the end of the year.

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The denominator used in the calculation of basic earnings per share is the: a. number of preferred shares outstanding at the end of the year. b. weighted average number of common shares and preferred shares outstanding during the year. c. number of common shares outstanding at the end of the year. d. weighted average number of common shares outstanding during the year

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