Question
Comparative Statement of Retained Earning for Renn Dever corporation were reported as follow for the fiscal years ending December 31, 2014 31, 2014 and 2016
Comparative Statement of Retained Earning for Renn Dever corporation were reported as follow for the fiscal years ending December 31, 2014 31, 2014 and 2016
Renn Denver Corporatin
Statement of retained earninng
2016 | 2015 | 2014 | |
Balance at beginning of year | 6944492 | 5550252 | 5704552 |
Net income (loss) | 3316700 | 2320900 | (154300) |
Deduction: Stock dividend (53400 shares) | 250000 | ||
common shares retired sep 30 (150000 shares) | 220660 | ||
common stock cash dividends | 897950 | 706000 | 0 |
Balance a t end of year | 9113242 | 6944492 | 550252 |
At December 31, 2013 paid in capital consideted of the following:
common stock 1930000 shares at 41 par | 1930000 |
Paid in capital -excess of par | 7500000 |
No preferred stock or potantial common shares were outstandin during any of the periods shown.
Required: Compute Renn Dever earning per share as it would have appeared in income statements for the years ended December 31, 2014 , 2015 and 2016.(Negative amounts should be indicated by minus sign)
Year | Numerator | / | Denominator | = | Earnings (net loss) per share |
2014 | |||||
2015 | |||||
2016 |
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