swileyd
Oct 26, 2009, 08:15 AM
For several years Orbon Inc has followed a policy of paying a cash dividend of $1.20 per share and having a 10% stock dividend. In the 2009 annual report, Orbon reported restated earning per share for 2007 of $2.70.
a. Calculate the originally reported earnings per share for 2007
b. Calculate the restated cash dividend per share for 2007 reported in the 2009 annual report
a. Calculate the originally reported earnings per share for 2007
b. Calculate the restated cash dividend per share for 2007 reported in the 2009 annual report