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Testbank Multiple Choice Question 131 Crane Company, had 820000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021, an

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Testbank Multiple Choice Question 131 Crane Company, had 820000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021, an additional 39000 shares of common stock were issued for cash. Crane also had unexercised stock options to purchase 31000 shares of common stock at S15 per share outstanding at the beginning and end of 2021. The average market price of Crane's common stock was $20 during 2021. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 1, 20217 O #46750 838750 366750 870750

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