FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.59 per share and having a 3% stock dividend. In the 2020 annual report, Orbon reported restated earnings per share for 2018 of $1.17.
Required:
- Calculate the originally reported earnings per share for 2018.
- Calculate the restated cash dividend per share for 2018 reported in the 2020 annual report for comparative purposes.
(For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places.)
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