Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending
Question:
At December 31, 2015, paid-in capital consisted of the following:
Common stock, 1,855,000 shares at $1 par ..............................$1,855,000
Paid in capital-excess of par ...............................................7,420,000
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 3l, 2016, 2017, and 2018.
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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