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. RENN-DEVER CORPORATION Statements of Retained Earnings Balance at beginning of year Net income (loss) Deductions: Stock dividend (39,800 shares) Common shares retired, September 30 (120,000 shares) Common stock cash dividends Balance at end of year At December 31, 2018, paid-in capital consisted of the following: Common stock, 2,110,000 shares at $1 par Paid in capital-excess of par $2,110,000 7,560,000 For the Years Ended December 31 2021 2020 2019 $5,663,452 $5,764,552 $7,105,692 3,322,700 2,380,900 (101,100) 256,000 226,660 903,950 712,000 $9,268,442 $7,105,692 $5,663,452 0 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.) 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.) Year 2019 2020 2021 Numerator 1 1 Denominator 11 11 = Earnings (Net Loss) per Share Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statements of Retained Earnings Balance at beginning of year Net income (loss) Deductions: Stock dividend (39,800 shares) Common shares retired, September 30 (120,000 shares) Common stock cash dividends Balance at end of year At December 31, 2018, paid-in capital consisted of the following: Common stock, 2,110,000 shares at $1 par Paid in capital-excess of par $2,110,000 7,560,000 For the Years Ended December 31 2021 2020 2019 $5,663,452 $5,764,552 $7,105,692 3,322,700 2,380,900 (101,100) 256,000 226,660 903,950 712,000 $9,268,442 $7,105,692 $5,663,452 0 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.) 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.) Year 2019 2020 2021 Numerator 1 1 Denominator 11 11 = Earnings (Net Loss) per Share
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SOLUTION To compute RennDever Corporations earnings per share EPS for the years ended December 31 20... 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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