Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the year ended december 31, 2020, gluco inc

During the year ended December 31, 2020, Gluco Inc. split its stock on a 3...

80.2K

Verified Solution

Question

Accounting

image
During the year ended December 31, 2020, Gluco Inc. split its stock on a 3 for basis. In its annual report for 2019, the firm reported net income of $955 700 for 2019, with an average 225,400 shares of common stock outstanding for that year. There was no preferred stock Required: a. What amount of net income for 2019 will be reported in Gluco's 2020 annual report? b. Calculate Gluco's earnings per share for 2019 that would have been reported in the 2019 annual report (Round your answer to 2 decimal places.) c. Calculate Gluco's earnings per share for 2019 that will be reported in the 2020 annual report for comparative purposes. (Round your answer to 2 decimal places.) a Net Income Earnings per share c. Earnings per share

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students