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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 10
Calculate restated EPS after stock split For the year ended December 31, 2016, Spike, Inc., reported earnings per share of $5.80. During 2017, the company had a 4-for-1 stock split.
Required:
Calculate the 2016 earnings per share that will be reported in Spike, Inc.'s 2017 annual report for comparative purposes.
Required:
Calculate the 2016 earnings per share that will be reported in Spike, Inc.'s 2017 annual report for comparative purposes.
Explanation
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(a) Net Income as such is complete pictu...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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