The 2015 annual report of Software City, Inc., included the following comparative summary of earnings per share
Question:
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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Related Book For
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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