During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split and a
Question:
During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2020, the company reported earnings per share for the year ended September 30, 2019, on a restated basis, of $1.20.
Required:
Calculate the originally reported earnings per share for the year ended September 30, 2019.
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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