Question
For several years Orbon Incorporated has followed a policy of paying a cash dividend of $0.53 per share and having a 5% stock dividend.
For several years Orbon Incorporated has followed a policy of paying a cash dividend of $0.53 per share and having a 5% stock dividend. In the 2023 annual report, Orbon reported restated earnings per share for 2021 of $0.90. Required: a. Calculate the originally reported earnings per share for 2021. b. Calculate the restated cash dividend per share for 2021 reported in the 2023 annual report for comparative purposes. Note: For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places. a. Earnings per share b. Dividend per share For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $1.68. Answer the following questions: Required: a. During 2022, the company had a 3-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes. b. During 2023, Finco had an additional 2-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2023 annual report for comparative purposes. c. Assume that Finco had issued a 10% stock dividend in 2022 and did not have a stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes. Note: For all requirements, round your answers to 2 decimal places. a. Earnings per share b. Earnings per share c. Earnings per share
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