Question for several years orbon inc has followed a policy

Assignment Help Financial Accounting
Reference no: EM13350201

Question :

For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.49 per share and having a 9 percent stock dividend. In the 2011 annual report, Orbon reported restated earnings per share for 2009 of $1.20.

Required:

(a)         

Evaluate the initially reported earnings per share for 2009.

Earnings per share for 2009         $

(b)         

Determine the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes.

Dividend per share for 2011        $

Reference no: EM13350201

Questions Cloud

Question adams corporation uses a retail inventory method : question adams corporation uses a retail inventory method and periodic inventory system to estimate ending inventory
Question suppose that you and two friends are debating : question suppose that you and two friends are debating whether to open a service and automotive retail chain that may
Question the us government employs a large number of : question the u.s. government employs a large number of contractors during many different departments. regrettably not
Question the florina mining organization has constructed a : question the florina mining organization has constructed a town at jungilla near the site of a rich mineral discovery
Question for several years orbon inc has followed a policy : question for several years orbon inc. has followed a policy of paying a cash dividend of 0.49 per share and having a 9
Question the comparative year-end balance sheets of sign : question the comparative year-end balance sheets of sign graphics inc. revealed the subsequent activity in the companys
Question brubaker inc a manufacturer of high-sugar : question brubaker inc. a manufacturer of high-sugar low-cholesterol frozen dinners low-sodium would like to increase
Create a powerpoint presentation to demonstrate your : create a powerpoint presentation to demonstrate your understanding of the topic below. use the slide notes function to
Question engco a domestic corporation manufactures : question engco a domestic corporation manufactures industrial engines at its u.s. plant for sale in the canada and

Reviews

Write a Review

Financial Accounting Questions & Answers

  Methods of inventory costing

Why do you believe we have four? Do we need four? What are the advantages and disadvantages of having four methods?

  Why do banks refer to these withdrawals

We have learned that a positive cash balance is an asset and that an asset’s balance decreases with a credit entry and increases with a debit entry. If this is the case, why do banks refer to these withdrawals (account reductions) as a “debit?” P..

  Question janavee construction applies all overhead to jobs

question janavee construction applies all overhead to jobs on the basis of direct labor hours. this period

  Determine the earnings per share on common stock

Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000.

  Valuation of inventory using fifo and lifo methods

Valuation of Inventory using FIFO and LIFO methods and All-Pages Book Company reports the following inventory transactions during the current month

  Describe the costs and other factors that campbell soup

Describe the costs and other factors that Campbell Soup should consider for this special order and also provide your conclusion assuming you had sufficient information

  Compute hourly rate to cover cost of each financial adviser

chargeable hours are 40 per week with administrative time taken from family time. Compute the hourly rate to cover the cost of each financial adviser.

  Post to the ledger t accounts

Journalize the transactions, including explanations, Post to the ledger T accounts and prepare a trial balance on April 30, 2010

  Comparison of direct and indirect format of income statement

What are the similarities and differences in format of the two cash flow statements and Comparison of direct and indirect format of income statement

  What is a stock split and what effect does it have on

What is a stock split and what effect does it have on the company’s stock? What effect will it likely have on the market value of the company’s stock?

  What is the cost per item in group

Group 3 consists of 500 pieces that are expected to sell for $0.72 each. Using the relative sales value method, what is the cost per item in Group 3? Please show step-by-step answer.

  What is the inventory period

garnishes, inc has sales for the year of $46,300 and cost of goods sold of $21,700. the firm carries an average inventory of $4,800 and has an average accounts payable balance of $4.400. what is the inventory period?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd