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Clark Company has 100,000 shares of common stock ($1 par value) outstanding on January 1, 2017, with additional paid-in capital of $1,000,000. On January 1,
Clark Company has 100,000 shares of common stock ($1 par value) outstanding on January 1, 2017, with additional paid-in capital of $1,000,000. On January 1, 2018, the company declares a 2:1 stock split when the stock price was $80. On January 1, 2019, the company declares a 50% stock dividend when the stock price was $70. Net income for the three years is as follows: 2017 - $100,000 2018 - $220,000 2019 - $380,000 Clark prepares comparative balance sheets and income statements with all three years at the end of 2019. What would be reported for the following on these comparative financial statements? 2017 2018 2019 Common stock 100,000 100,000 150,000 Additional paid-in capital 1,000,000 1,000,000 1,000,000 Basic earnings per share 0.33 0.73 1.27 how did we get basic eps
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