Question
The Alford Group had 190,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are
The Alford Group had 190,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding.
2021Feb.28Purchased 15,000 shares of treasury stock.Oct.31Sold the treasury shares purchased on February 28.Nov.30Issued 60,000 new shares.Dec.31Net income for 2021 is $1,665,000.2022Jan.15Declared and issued a 2-for-1 stock split.Dec.31Net income for 2022 is $1,665,000.
Required:
1.Determine the 2021 EPS.(Do not round intermediate calculations.)
2.Determine the 2022 EPS.
3.At what amount will the 2021 EPS be presented in the 2022 comparative financial statements?
(For all requirements, Enter your answers in thousands.)
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