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On January 1, Year 2, Ole Corporation had 75,000 shares of $8 par value common stock outstanding. On July 31, Year 2, Ole issued an

On January 1, Year 2, Ole Corporation had 75,000 shares of $8 par value common stock outstanding. On July 31, Year 2, Ole issued an additional 10,000 shares in exchange for a building. What number of shares will be used in the computation of earnings per share for Year 2? Multiple Choice 75,000 79,167 80,000 85,000

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