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The Alford Group had 220,000 shares of common stock outstanding at January 1,2018. The following activities affected common shares during the year. There are no
The Alford Group had 220,000 shares of common stock outstanding at January 1,2018. The following activities affected common shares during the year. There are no potential common shares outstanding 2018 Feb. 28 Purchased 24,e00 shares of treasury stock Oct. 31 Sold the treasury shares purchased on February 28 Nov. 30 Issued 96,000 new shares Dec. 31 Net income for 2018 is $1,590,000. 2019 an. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2019 is $1,590,000 Required 1. Determine the 2018 EPS. 2. Determine the 2019 EPS. 3. At what amount will the 2018 EPS be presented in the 2019 comparative financial statements? For all requirements, Enter your answers in thousands) Numerator DenominatorEarnings per Share 2
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