Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending
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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024.
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Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION Statements of Retained Earnings Balance at beginning of year Net income (loss) Deductions: Stock dividend (40,300 shares) Common shares retired, September 30 (135,000 shares) Common stock cash dividends Balance at end of year At December 31, 2021, paid-in capital consisted of the following: Common stock, 2,150,000 shares at $1 par Paid in capital-excess of par $ 2,150,000 7,580,000 2024 $ 7,076,692 3,324,700 For the Years Ended December 31 2023 $ 5,618,452 2,400,900 2022 $ 5,784,552 (166,100) 258,000 905,950 $ 9,237,442 228,660 714,000 $ 7,076,692 0 $ 5,618,452 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, 2022, 2023, and 2024. Note: Negative amounts should be indicated by a minus sign. Denominator Earnings (Net Loss) per Share Year Numerator 2022 2023 2024 = = = Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION Statements of Retained Earnings Balance at beginning of year Net income (loss) Deductions: Stock dividend (40,300 shares) Common shares retired, September 30 (135,000 shares) Common stock cash dividends Balance at end of year At December 31, 2021, paid-in capital consisted of the following: Common stock, 2,150,000 shares at $1 par Paid in capital-excess of par $ 2,150,000 7,580,000 2024 $ 7,076,692 3,324,700 For the Years Ended December 31 2023 $ 5,618,452 2,400,900 2022 $ 5,784,552 (166,100) 258,000 905,950 $ 9,237,442 228,660 714,000 $ 7,076,692 0 $ 5,618,452 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, 2022, 2023, and 2024. Note: Negative amounts should be indicated by a minus sign. Denominator Earnings (Net Loss) per Share Year Numerator 2022 2023 2024 = = =
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