Exercise Algo EPS; treasury stock; new shares; stock dividends; two years, financial statement effects LO
The Li Group had shares of common stock outstanding at January The following activities affected common shares during the year. There are no potential common shares outstanding.
February Purchased shares of treasury stock.
October Sold the treasury shares purchased on February
November Issued new shares.
December Net income for is $
January Declared and issued a for stock split.
December Net income for is $
Required:
Determine the EPS.
Determine the EPS.
At what amount will the EPS be presented in the comparative financial statements?
Note: Do not round intermediate calculations. Enter your answers in thousands ie should be entered as
tableNumeratorDenominator,Earnings per Share$x$$
