Marco, Inc determined the following information concerning its common stock during 2020 January 1 15,600 shares outstanding March 1 Issued a 3 for 1 stock split July 1 Issued 1,500 additional shares October 1 Reacquired 2,000 shares Required What should Marco, Inc use as the denominator for its bas...

Answer Calaculationnof weighted average number of common shares outstandin ...

Marco, Inc. determined the following information concerning its common stock during 2020: January 1 15,600 shares outstanding

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Question:

Marco, Inc. determined the following information concerning its common stock during 2020:

January 1	15,600 shares outstanding
March 1	Issued a 3-for-1 stock split
July 1	Issued 1,500 additional shares
October 1	Reacquired 2,000 shares

Required:
What should Marco, Inc. use as the denominator for its basic earnings per share calculation for 2020? Round intermediate and final answer to the whole number.

The weighted average number of common shares outstanding

fill in the blank 1

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Introduction to Accounting An Integrated Approach

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Authors: Penne Ainsworth, Dan Deines

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Posted Date: Sep 30, 2022 06:58 AM

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Marco, Inc. determined the following information concerning its common stock during 2020: January 1 15,600 shares outstanding

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Introduction to Accounting An Integrated Approach

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