Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years endingDecember 31, 2019, 2020, and 2021.RENN-DEVER CORPORATIONStatenents of Retained EarningsFor the Years Ended Decenber 31202066,894,692 45,524, 452 $5,674, 5522,290, 90020212019Balance at beginning of yearNet incone (loss)Deductions:Stock dividend (35,000 shares)Common shares retired, September 30 (120, 000 shares).Common stock cash dividendsBalance at end of year3,313, 700(150, 100)247,000217,660703, 00066,894, 692 45, 524, 452894,950$9,066, 442At December 31, 2018, paid-in capital consisted of the following:Common stock, 1,870,000 shares at 61 parPaid in capital-exces of par61,870,0007,470, 000No preferred stock or potential common shares were outstanding during any of the periods shown.Required:Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019,2020, and 2021. (Negative amounts should be indicated by a minus sign.)

Earning per share can be calculated by dividing net income by total outstanding shares.

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statenents of Retained Earnings For the Years Ended Decenber 31 2020 66,894,692 45,524,452 65,674,552 2,290, 900 2021 2019 Balance at beginning oft year Net incone (loss) Deductions: Stock dividend (35,000 shares) Common shares retired, September 30 (120,000 shares). Common stock cash dividends 3, 313, 700 (150, 100) 247,000 217,660 703, 000 69,066,442 66,894,692 45, 524, 452 894, 950 Balance at end of year At December 31, 2018, paid-in capital consisted of the following Common stock, 1,870,000 shares at $1 par Paid in capital-exceas of par 41,870, 000 7,470,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019, 2020, and 2021. (Negative amounts should be indicated by a minus sign.)

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. RENN-DEVER CORPORATION Statenents of Retained Earnings For the Years Ended Decenber 31 2020 66,894,692 45,524,452 65,674,552 2,290, 900 2021 2019 Balance at beginning oft year Net incone (loss) Deductions: Stock dividend (35,000 shares) Common shares retired, September 30 (120,000 shares). Common stock cash dividends 3, 313, 700 (150, 100) 247,000 217,660 703, 000 69,066,442 66,894,692 45, 524, 452 894, 950 Balance at end of year At December 31, 2018, paid-in capital consisted of the following Common stock, 1,870,000 shares at $1 par Paid in capital-exceas of par 41,870, 000 7,470,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2019, 2020, and 2021. (Negative amounts should be indicated by a minus sign.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 107 million common shares, $1 par per share. Retained Earnings ($ in millions) 109 Beginning balance Retirement of 7 million common shares for $38 million 2 Declaration and payment of a $0.35 per 98 Net income for the year Share cash dividend 35 Declaration and distribution of a ______6% stock dividend 25_________________________________________…
You are auditing the financial statements of Brin Inc. for the year 2020. The details of the unadjusted balances of its Accumulated Profit account are as follows: ACCUMULATED PROFIT Particulars Debit Credit Balance 500,000 540,000 740,000 670,000 690,000 660,000 580,000 150,000 730,000 640,000 Date Beginning Balance Gain on sale of treasury shares Net income for the year Payment of dividends declared in 2018 Paid in capital in excess of par Loss on sale of treasury shares Net loss for the year Net income for the year Payment of dividends declared in 2019 01.01.2018 08.31.2018 40,000 200,000 12.31.2018 02.28.2019 70,000 05.31.2019 20,000 07.31.2019 12.31.2019 12.31.2020 30,000 80,000 12.31.2020 90,000 Your examination disclosed the following: a. Omissions at the end of each year of the following: 2017 4,000 2018 2019 7,000 2020 Merchandise Inventory, end Accrued Expense 3,000 5,000 b. The cost of major repairs on the company's equipment on January 1, 2018 in the amount of P150,000 was…
Help me please
For this question, please refer to the Fact Pattern below (Same fact pattern as previous question). Given the set of transactions above, what was Adjusted EBITDA in 2021? O $1,107.2 O $1,082.2. O $1,068.2 $1,092.2 Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A) Dividend Payout Ratio (dividends/ net income to common shareholders) Income Tax Net Interest Expense Net Revenues Non-controlling Interest Expense (After-Tax) Litigation Expense Other Operating Expenses (excluding D&A) Purchases of intangible assets Preferred dividends Research And Development (excluding D&A) Proceeds from sale of land with book value of $15 Selling, General, & Administrative (excluding D&A) Write-down of PP&E 2021 580.0 3,256.0 40% 35% 45.6 5,800.0 25.0 97.0 16.5 45.0 5.0 56.3 20.0 1,488.0 7.0
what is the Retained earnings for 2020 (restated)?
Revenues and operating (marketing and administrative) expenses for the year 2021 are P7,500,000 and P4,000,000 respectively. How much is the change in Retained Earnings for the year 2021 due to the equity securities indicate whether increase or decrease?
Every entry should have narration please
Comparative Earnings per Share Lucas Company reports net income of $2,580 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 4,200 shares of stock, resulting in 13,200 shares outstanding at year-end. During 2020, Lucas earned net income of $17,840. It issued 2,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock split on November 3, 2020, resulting in 30,400 shares outstanding at year-end. During 2021, Lucas earned net income of $29,184. The only common stock transaction during 2021 was a 20% stock dividend issued on July 2, 2021. If required, round your final answers to two decimal places. Required: 1. Compute the basic earnings per share that would be disclosed in the 2019 annual report. $ per share 2. Compute the 2019 and 2020 comparative basic earnings per share that would be disclosed in the 2020 annual report. 2020: $ per…
Below is a company’s stock quote on March 1, 2021: Name Close Net Chg Div P/E DSD 20.25 -.15 1.05 16 What is the company’s earnings per share (EPS)?
View Policies Current Attempt in Progress The following information was extracted from the accounts of Sandhill Co. at December 31, 2020: CR(DR). Total reported income since incorporation $4810000 Total cash dividends paid (2480000) Unrealized holding loss on available-for-sale securities (368000) Total stock dividends distributed (604000) Prior period adjustment, recorded January 1, 2020 226000 What should be the balance of retained earnings at December 31, 2020? O $1876000. O $ 1584000. O $ 1952000. O $ 3042800. Save for Later Attempts: 0 of 1 used Submit Answ
(Profitability Ratio)What is the Return on Common Stock in 2020?
Addition to Retained EarningsYour corporation reported net income of $930 for 2020 and the Board of Directors decided to declare dividends of $200. What is the 2020 corporation's addition to retained earnings? Please show your formula and calculations in the space provided.