Question
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.73 per share and having a 3% stock dividend. In
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.73 per share and having a 3% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $0.90.
Required:
a. Calculate the originally reported earnings per share for 2012. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)
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Survey Of Accounting
Authors: Carl S. Warren
4th Edition
0538478144, 9780538478144
