During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its

Question:

During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its annual report for 2020, the company reported earnings per share for the year ended June 30, 2019, on a restated basis, of $1.05.


Required:

Calculate the originally reported earnings per share by Jones Co. for the year ended June 30, 2019.

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Related Book For  book-img-for-question

Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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