Question

The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years:


In 2011, Software City, Inc., declared and distributed a 100 percent stock dividend. Following this stock dividend, the company reported earnings per share of $1.88 for 2011.
a. Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009.
b. In preparing your schedule, which figure (or figures) did you have to restate? Why? Explain the logic behind yourcomputation.


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  • CreatedApril 17, 2014
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