Question
Cookie Company had 3.5 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 115,000 shares were sold and issued.
Cookie Company had 3.5 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 115,000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $25 million and $15.5 million, respectively. In the 2021 comparative financial statements, EPS (rounded) would be reported as follows:
| 2021 EPS | 2020 EPS | ||||||
| a. | $ | 3.49 | $ | 2.21 | |||
| b. | $ | 3.49 | $ | 4.42 | |||
| c. | $ | 6.98 | $ | 2.21 | |||
| d. | $ | 6.98 | $ | 4.42 | |||
| Choices are option D option B option C option A | |||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Marketing Audit Benefits How A Marketing Audit Improves Your Business's Performance
Authors: Sharita Winder
1st Edition
B0BQXYKYYL, 979-8371064820
