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Beaty Inc. purchased Dunbar Co. and agreed to give stockholders of Dunbar Co. 10,000 additional shares in 2023 if Dunbar Co.'s net income in 2022
Beaty Inc. purchased Dunbar Co. and agreed to give stockholders of Dunbar Co. 10,000 additional shares in 2023 if Dunbar Co.'s net income in 2022 is $500,000; in 2021 Dunbar Co.'s net income is $520,000. Beaty Inc. has net income for 2021 of $450,000 and has an average number of common shares outstanding for 2021 of 100,000 shares. What should Beaty report as diluted earnings per share for 2021? $5.00 0 $4.09 $3.76 $4.50
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