Accounting What the Numbers Mean Study Set 1
Quiz 10 :
Corporate Governance, Notes to the Financial Statements,
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Q24 Q24 Q24
For the year ended December 31, 2019, Flagpole, Inc., reported earnings per share of $4.83.During 2020, the company had a 3-for-1 stock split. Required: Calculate the 2019 earnings per share that will be reported in Flagpole, Inc.'s 2020 annual report for comparative purposes.
Q25 Q25 Q25
During the fiscal year ended September 30, 2020, Happster Co.had a 5-for-1 stock split.In its annual report for 2020, the company reported earnings per share for the year ended September 30, 2019, on a restated basis, of $0.85. Required: Calculate the originally reported earnings per share by Happster Co.for the year ended September 30, 2019.