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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
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 (59,100 shares) Common shares retired, September 30 (120,000 shares) Common stock cash dividends Balance at end of year At December 31, 2021, paid-in capital consisted of the following: Common stock, 2,090,000 shares at $1 par Paid in capital-excess of par $ 2,090,000 7,550,000 2024 $ 7,063,292 3,321,700 For the Years Ended December 31 2023 $ 5,629,052 2,370,900 2022 $ 5,754,552 (125,500) 255,000 902,950 $ 9,227,042 225,660 711,000 $ 7,063,292 $ 5,629,052 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,
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Step: 1
To compute RennDevers earnings per share EPS for the years ended December 31 2022 2023 and 2024 we need to use the following formula EPS Net Income Pr...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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