Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years...
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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. Balance at beginning of year Net Incone (Loss) Deductions: Stock dividend (34,600 shares) Common shares retired. September 30 (128.000 shares) Comon stock cash dividends Balance at end of year A: December 31, 2018, paid-in capital consisted of the following: Common stock, 1,850,000 shares at $1 par Paid in capital-excess of part RENN-DEVER CORPORATION Statements of Retained Earnings Year 2019 2020 2021 Numerator No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019. 2020, and 2021. (Negative amounts should be indicated by a minus sign.) 1 7 $1,850,000 7,430,000 Denominator Earnings (Net Loss) per Share For the Years Ended December 31 2821 2028 2019 $6,820,292 $5,482,052 $5.634,552 3,389,700 2,250,900 (152,500) 243,000 213,668 890,950 699,008 $8,996,842 $6,820,292 $5,482, 852 0 0 n Check my work Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. Balance at beginning of year Net Incone (Loss) Deductions: Stock dividend (34,600 shares) Common shares retired. September 30 (128.000 shares) Comon stock cash dividends Balance at end of year A: December 31, 2018, paid-in capital consisted of the following: Common stock, 1,850,000 shares at $1 par Paid in capital-excess of part RENN-DEVER CORPORATION Statements of Retained Earnings Year 2019 2020 2021 Numerator No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019. 2020, and 2021. (Negative amounts should be indicated by a minus sign.) 1 7 $1,850,000 7,430,000 Denominator Earnings (Net Loss) per Share For the Years Ended December 31 2821 2028 2019 $6,820,292 $5,482,052 $5.634,552 3,389,700 2,250,900 (152,500) 243,000 213,668 890,950 699,008 $8,996,842 $6,820,292 $5,482, 852 0 0 n Check my work
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SOLUTION IN DETAILS To compute RennDevers earnings per share EPS for the years ended December 31 2019 2020 and 2021 we need to use the net income loss ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
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