Question
Cookie Company had 2.8 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 108,000 shares were sold and issued.
Cookie Company had 2.8 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 108,000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $18 million and $12.0 million, respectively. In the 2021 comparative financial statements, EPS (rounded) would be reported as follows:
2021 EPS2020 EPSa.$3.12$2.14b.$3.12$4.28c.$6.24$2.14d.$6.24$4.28
Multiple Choice
- Option B
- Option A
- Option D
- Option C
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
