Question
For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12. During 2020, the company had a 3-for-1 stock split. Calculate
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For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12.
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During 2020, the company had a 3-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2020 annual report for comparative purposes.
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During 2021, Anyco had an additional 2-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2021 annual report for comparative purposes.
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Assume that Anyco had issued a 10% stock dividend in 2020 and did not have a stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2020 annual report for comparative purposes. Round your answer to two decimal places.
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Financial Accounting International Edition
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
0137067798, 978-0137067794
