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At January 1, 2020, Marvel Corp. had 200,000 common shares outstanding (no preferred shares issued). On July 1, 2020, the corporation issued 225,000 shares, and
At January 1, 2020, Marvel Corp. had 200,000 common shares outstanding (no preferred shares issued). On July 1, 2020, the corporation issued 225,000 shares, and reported net income of $315,000 for calendar 2020. Basic earnings per share for 2020 would be
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