EPS from statement of
• LO19–4 through LO19–6
(Note: This problem is based on the same situation described in P 18–4 in Chapter 18, modified to focus on EPS rather than recording the events that affected retained earnings.)
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018.
At December 31, 2015, paid-in capital consisted of the following:
Common stock, 1,855,000 shares at $1 par | $1,855,000 |
Paid in capital—excess of par | 7,420,000 |
No
Required:
Compute Renn-Dever’s earnings per share as it would have appeared in income statements for the years ended December 3l, 2016, 2017, and 2018.
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GEN COMBO LOOSELEAF INTERMEDIATE ACCOUNTING; CONNECT ACCESS CARD
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