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The common shares outstanding are those which are issued by the companies and they are less than the authorized shares which the companies have. In order to calculate weighted common shares outstanding, firstly analysis is done about how long the common shares were outstanding during a specific year. After this multiply each group of shares should be multiplied with number of shares in each group. Then all shares are added to get the weighted average of common shares for the year.
An example is available on the given link: Common shares outstanding
An example is available on the given link: Common shares outstanding
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