When calculating the weighted average number of shares outstanding, the number of shares are not time-weighted by the fraction of the reporting period they are (are not) outstanding for:
A) Common shares retired.
B) Common shares issued during the period as a stock dividend.
C) Shares obtainable in executive stock options granted in mid-year.
D) New common shares sold during the period.
Answer: B) Common shares issued during the period as a stock dividend.
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