The 2015 annual report of Software City, Inc., included the following comparative summary of earnings per share

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The 2015 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years:
The 2015 annual report of Software City, Inc., included the

In 2016, 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 2016.
a. Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2016, 2015, and 2014.
b. In preparing your schedule, which figure (or figures) did you have to restate? Why? Explain the logic behind your computation.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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