Question for several years orbon inc has followed a policy, Ask an Expert

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Question :

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

Required:

(a)

Evaluate the initially reported earnings per share for 2009.

Earnings per share for 2009 $

(b)

Determine the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes.

Dividend per share for 2011 $

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9719818

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