FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Clark Company has 100,000 shares of common stock ($1 par value) outstanding on January 1, 2017, with additional paid-in capital of $1,000,000. On January 1, 2018, the company declares a 2:1 stock split when the stock price was $80. On January 1, 2019, the company declares a 50% stock dividend when the stock price was $70. Net income for the three years is as follows:
- 2017 - $100,000
- 2018 - $220,000
- 2019 - $380,000
Clark prepares comparative
2017 2018 2019
Common stock
Additional paid-in capital
Basic earnings per share
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