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2017 and 2018 Denominator ? Return to question 9 Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years
2017 and 2018 Denominator ?
Return to question 9 Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018. 1 points RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2018 2017 2016 Balance at beginning of year $7,063,292 $5,629,052 $5,754,552 Net income (loss) 3,321,700 2,370,900 (125,500) Deductions: Stock dividend (59,100 shares) 255,000 Common shares retired, September 30 225,660 (120,000 shares) Common stock cash dividends 902,950 711,000 0 Balance at end of year $9,227,042 $7,063,292 $5,629,052 At December 31, 2015, paid-in capital consisted of the following: Common stock, 2,090,000 shares at $1 par, Paid in capital-excess of par $2,090,000 7,550,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2016, 2017, and 2018. (Negative amounts should be indicated by a minus sign.) Year Answer is not complete. Earnings Numerator 7 Denominator (Net Loss) per Share $ (125,500) 2,090,000 $ (0.06) $ 2,370,9001? 0 $ 3,321,7007 0 2016 2017 2018 =Step by Step Solution
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