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For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.49 per share and having a 9% stock dividend. In the 2011 annual report, Orbon reported restated earnings per share for 2009 of $1.20.

Required:

(a) find out the originally reported earnings per share for 2009.

(b) find out the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M943199

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