Answer:
Consider the following calculation
Explanation:
1. Determine the 2018 EPS.
EPS = Net Income / Weighted Average number of shares
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares = 2,20 – (24x10/12) + (24x2/12) + (96x1/12)
= 2,52 Shares
EPS 2018 = $15,90 / 2,52 Shares
= $6.31 per share
2. Determine the 2019 EPS.
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares
=[ 2,20 – 24 + 24 + 96 ] x 2 Stock Split
= 6,32 Shares
EPS 2019 = $15,90 / 6,32 Shares
= $2.52 per share
3. At what amount will the 2018 EPS be presented in the 2019 comparative financial statements?
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares
= 2,520 x 2 Stock split
= 5,04 Shares
EPS = $15,90 / 5,04
= $3.15 per share
Answer: product line
<span>A group of products which are closely related, under a single brand which satisfies same needs, are used together and are sold to the same group of customers, distributed through the same company is called product line. </span>
Job costing systems are used to accumulate the cost of a individual job
