John is a sharcholder of Carson Construction (Carson) and owns 100 shares of Carson. The board of directors of Carson recently announced a 20% stock dividend to all shareholders on record as at 30 Sept 2021. Assuming that Carson's current stock price is RM30 per share and there are 1,000,000 shares of stock in issue of RM1 par value, and its earnings per share (EPS) for last year was RM1.50.

John is a sharcholder of Carson Construction (Carson) and owns 100 shares of Carson. The board of directors of Carson recently announced a 20% stock dividend to all shareholders on record as at 30 Sept 2021. Assuming that Carson's current stock price is RM30 per share and there are 1,000,000 shares of stock in issue of RM1 par value, and its earnings per share (EPS) for last year was RM1.50.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 10MC

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