Except for the earnings per share statistics, the 2024, 2023, and 2022 income statements for Ace Group
Question:
Except for the earnings per share statistics, the 2024, 2023, and 2022 income statements for Ace Group Inc. were originally presented as follows:
*No preferred shares have been issued.
Required
1. Calculate the 11 missing amounts.
2. Calculate the weighted-average number of common shares outstanding during:a. 2022b. 2023c. 2024
3. Rounding calculations to two decimal places, prepare the earnings per share income statement presentations for:a. 2022b. 2023c. 2024
Analysis Component:Profit from continuing operations increased from 2023 to 2024 yet there was a decrease in the earnings per share calculated for this amount for the same years. Explain.
Step by Step Answer:
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris