Problempreviously there were 100000 shares in 2008 zello, Ask an Expert

Finance

Problem:

Previously there were 100,000 shares. In 2008, Zello Company declared a 10% stock dividend. In 2007, earnings per share were $ 1.00.

Required:

Question: When the 2007 earnings per share are disclosed in the 2008 annual report, it will be disclosed at:

A: $1.10

B. $1.00

C. $0.91

D. $0.81

Note: Please describe comprehensively and provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147654

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