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Knight Company, a calendar - year firm with 1 0 0 , 0 0 0 shares of common stock outstanding at the start of the
Knight Company, a calendaryear firm with shares of common stock outstanding at the start of the year, declares a threeforone stock split halfway through the year. The next day, Knight issues new shares in conjunction with the acquisition of a new plant. What is the number of shares that should be used in computing basic earnings per share for the year?
Knight Company, a calendaryear firm with shares of common stock outstanding at the start of the year, declares a threeforone stock split halfway through the year. The next day, Knight
issues new shares in conjunction with the acquisition of a new plant. What is the number of shares that should be used in computing basic earnings per share for the year?
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