The alford group had 202000 shares of common stock

Reference no: EM13603224

The Alford Group had 202,000 shares of common stock outstanding at January 1, 2011. The following activities affected common shares during the year. There are no potential common shares outstanding.

Feb. 28 Purchased 6,000 shares of treasury stock.
Oct. 31 Sold the treasury shares purchased on February 28.
Nov. 30 Issued 24,000 new shares.
Dec. 31 Net income for 2011 is $400,000.

Jan. 15 Declared and issued a 2-for-1 stock split.
Dec. 31 Net income for 2012 is $400,000.

Required:

(1) Determine the 2011 EPS. (Round your answer to 2 decimal places.EPS in 2011 $

(2) Determine the 2012 EPS. (Round your answer to 2 decimal places.EPS in 2012 $

(3) At what amount will the 2011 EPS be presented in the 2012 comparative financial statements?2011 EPS in the 2012 comparative financial statements $.

Reference no: EM13603224

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