Calculate the restated cash dividend per share for 2009, Ask an Expert

Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943199

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