The EPS denominator for basic EPS is based on the weighted-average of common shares outstanding during the year.

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The EPS denominator for basic EPS is indeed based on the weighted-average of common shares outstanding during the year. This approach takes into consideration any changes in the number of outstanding shares that may have occurred during the reporting period, such as stock issuances or repurchases. The weighted-average calculation prevents any distorting effects that may occur due to changes in the number of shares outstanding over time.

The EPS Denominator for Basic EPS Is Based on the Weighted-Average