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Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During the fiscal year ended September 30, 2023, Worrell Incorporated had a 5-for-1 stock split and a 5% stock dividend. In its annual report for 2023, the company reported earnings per share for the year ended September 30, 2022, on a restated basis, of $0.40. Required: Calculate the originally reported earnings per share for the year ended September 30, 2022, Note: Round your answer to 2 decimal places. Earnings per share

Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During the fiscal year ended September 30, 2023, Worrell Incorporated had a 5-for-1 stock split and a 5% stock dividend. In its annual report for 2023, the company reported earnings per share for the year ended September 30, 2022, on a restated basis, of $0.40. Required: Calculate the originally reported earnings per share for the year ended September 30, 2022, Note: Round your answer to 2 decimal places. Earnings per share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During the fiscal year ended September 30, 2023, Worrell Incorporated had a 5-for-1 stock split and a 5% stock dividend. In its annual report for 2023, the company reported earnings per share for the year ended September 30, 2022, on a restated basis, of $0.40. Required: Calculate the originally reported earnings per share for the year ended September 30, 2022. Note: Round your answer to 2 decimal places. Earnings per share
Transcribed Image Text:Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During the fiscal year ended September 30, 2023, Worrell Incorporated had a 5-for-1 stock split and a 5% stock dividend. In its annual report for 2023, the company reported earnings per share for the year ended September 30, 2022, on a restated basis, of $0.40. Required: Calculate the originally reported earnings per share for the year ended September 30, 2022. Note: Round your answer to 2 decimal places. Earnings per share
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