Edmond Biometrics experienced net income of $500,000 for both last year and the current year....
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Edmond Biometrics experienced net income of $500,000 for both last year and the current year. Shares outstanding for the prior year were 100,000 shares for the full year. On December 1 of this year, Edmond declared a two-for-one stock split. There were no other stock transactions in either year.
Calculate the EPS that would be shown on a comparative income statement for years 1 and 2
Edmond Biometrics experienced net income of $500,000 for both last year and the current year. Shares outstanding for the prior year were 100,000 shares for the full year. On December 1 of this year, Edmond declared a two-for-one stock split. There were no other stock transactions in either year.
Calculate the EPS that would be shown on a comparative income statement for years 1 and 2
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