The 2020 annual report of Software City, Inc., included the following comparative summary of earnings per share

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The 2020 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years. In 2021, Software City, Inc., declared and distributed a 2-for-1 stock split. Following this distribution of stock, the company reported earnings per share of $1.88 for 2021. 

a. Prepare a three-year schedule similar to the one given, but compare earnings per share during the years 2021, 2020, and 2019. 

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: 9781260247930

19th Edition

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

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