Coke Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $10 million and $8 million, respectively. In 2021, EPS (rounded) would be reported as follows: O $2.41 O $2.00 O $4.82 O $4.00
Coke Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $10 million and $8 million, respectively. In 2021, EPS (rounded) would be reported as follows: O $2.41 O $2.00 O $4.82 O $4.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Coke Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000
shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was
$10 million and $8 million, respectively. In 2021, EPS (rounded) would be reported as follows:
O $2.41
O $2.00
O $4.82
O $4.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ee33aed-9a5b-4509-b2d5-e889c7446511%2F3817b169-0c3b-42a9-99f5-a797eef2dfd6%2Fsm7w1en_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Coke Company had 2 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 100,000
shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was
$10 million and $8 million, respectively. In 2021, EPS (rounded) would be reported as follows:
O $2.41
O $2.00
O $4.82
O $4.00
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