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Business, 18.05.2021 19:30 mamaditto9480

The Heath Corporation reported net income for 20X1 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 20X1 is:

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The Heath Corporation reported net income for 20X1 of $177,500. Heath began the year with 100,000 sh...
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