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At the end of 2020, LRB Corp income statement showed Net Income of $3,500,000. For...

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Accounting

At the end of 2020, LRB Corp income statement showed Net Income of $3,500,000. For the year, LRB paid $500,000 of preferred dividends. Also, the company issued another 6 million shares of common stock on August 1 of 2020. Calculate weighted average earnings per share

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