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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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