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Fox Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, 20x8. The following events occurred during 20x9: January 31
Fox Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at
December 31, 20x8. The following events occurred during 20x9:
January 31 Declared 10% stock dividend
June 30 Purchased 90,000 shares
August 1 Reissued 30,000 shares
November 30 Declared 2-for-l stock split
December 30 Declared $30,000 of dividends on net income of $600,000
At December 31, 20x9, what amount should Fox use in their earnings per share numerator?
Group of answer choices
670,000
540,000
590,000
600,000
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