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Determine the eps for alford group

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Reference no: EM132781287

The Alford Group had 190,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding.

2021

  • Feb. 28 Purchased 15,000 shares of treasury stock.
  • Oct. 31 Sold the treasury shares purchased on February 28.
  • Nov. 30 Issued 60,000 new shares.
  • Dec. 31 Net income for 2021 is $1,665,000.
  • 2022 Jan. 15 Declared and issued a 2-for-1 stock split.
  • Dec. 31 Net income for 2022 is $1,665,000.

Required:

Problem 1. Determine the 2021 EPS. (Do not round intermediate calculations.)

Problem 2. Determine the 2022 EPS.

Problem 3. At what amount will the 2021 EPS be presented in the 2022 comparative financial statements?

Reference no: EM132781287

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