Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 11.00

Renn-Dever Corporation

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2011, 2012, and 2013.

2011 2012 2013

Balance at beginning of year $ 6878292   $ 5532052   $ 5644552  
Net income (loss)   3,310,700     2,260,900     (112,500)  
Deductions:                  
Stock dividend (34,900 shares)   244,000              
Common shares retired, September 30 (110,000 shares)         214,660        
Common stock cash dividends   891,950     700,000     0


Balance at end of year $ 9,053,042   $ 6,878,292   $
5,532,052

 

                   

Compute Renn-Dever%u2019s earnings per share as it would have appeared in income statements for the years ended December 31, 2011, 2012, and 2013. (Round your answers to 2 decimal places.)

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 02:08 PM My Price 11.00

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