For several years Orbon, Inc., has followed a policy of paying a cash dividend of...
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Accounting
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.69 per share and having a 7% stock dividend. In the 2017 annual report, Orbon reported restated earnings per share for 2015 of $0.97. Required:
a. Calculate the originally reported earnings per share for 2015. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
b. Calculate the restated cash dividend per share for 2015 reported in the 2017 annual report for comparative purposes. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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