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Cracker Company Had 2 Million Shares of Common Stock Outstanding

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Cracker Company had 2 million shares of common stock outstanding all through 2015.On April 1,2016,an additional 100,000 shares were sold and issued.On September 30,2016,Cracker declared a 2-for-1 stock split.Net income in 2016 and 2015 was $10 million and $8 million,respectively.In the 2016 comparative financial statements,EPS (rounded)would be reported as follows: Cracker Company had 2 million shares of common stock outstanding all through 2015.On April 1,2016,an additional 100,000 shares were sold and issued.On September 30,2016,Cracker declared a 2-for-1 stock split.Net income in 2016 and 2015 was $10 million and $8 million,respectively.In the 2016 comparative financial statements,EPS (rounded)would be reported as follows:

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