Question
During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split and a 2% stock dividend. In its annual report for
During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split and a 2% stock dividend. In its annual report for 2020, the company reported earnings per share for the year ended September 30, 2019, on a restated basis, of $0.80.
Required:
Calculate the originally reported earnings per share for the year ended September 30, 2019.(Round your answer to 2 decimal
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
