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Assignment ID: FG133137054
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?