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Frantic fast foods had earnings after taxes of 460,000 in 20X1 with 310,000 shares outstanding. On January 1 20X2, the firm issued 34,000 new shares. Because of the proceeds from these new shares and other
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Frantic fast foods had earnings after taxes of 460,000 in 20X1 with 310,000 shares outstanding. On January 1 20X2, the firm issued 34,000 new shares. Because of the proceeds from these new shares and other operating improvements, earning after taxes increased by 23 percent.

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Ddcx v bxcjj. Hi uxxhchj Jan CB
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