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What should marco, inc. use as the denominator

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Question - Marco, Inc. determined the following information concerning its common stock during 2020:

January 1 15,600 shares outstanding

March 1 Issued a 3-for-1 stock split

July 1 Issued 1,500 additional shares

October 1 Reacquired 2,000 shares

Required - What should Marco, Inc. use as the denominator for its basic earnings per share calculation for 2020?

Reference no: EM133137054

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