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Merriman Corp. had 50,000 shares of common stock outstanding on 1/1/19. During 2019, they had...

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Accounting

Merriman Corp. had 50,000 shares of common stock outstanding on 1/1/19. During 2019, they had the following stock transactions occur:
April 1: Purchased 2,000 shares of treasury stock.
June 1: Declared a 4% stock dividend.
Sept 1: Issued 6,000 shares of common stock.
What should be the weighted-average number of common shares outstanding used in the calculation of simple (or basic) EPS for 2019?(Round all calculations to the nearest whole share and round time outstanding to the nearest whole month)
Select one:
a.55,021
b.55,884
c.54,046
d.25,463
e.52,440
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