Question
Cookie Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000 shares were sold and issued.
Cookie Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $10 million and $8 million, respectively. In the 2021 comparative financial statements, EPS would be reported as?
2021 EPS
2020 EPS
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
