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Question - For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.45 per share and having a 6% stock dividend. In the 2020 annual report, Orbon reported restated earnings per share for 2018 of $1.00.
Required -
1. Calculate the originally reported earnings per share for 2018.
2. Calculate the restated cash dividend per share for 2018 reported in the 2020 annual report for comparative purposes.
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