Explore BrainMass
Share

Explore BrainMass

    Calculating restated cash dividends per share

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Group project journey #8. Please assist with Orbon Inc.

    For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.71 per share and having a 3% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $1.12.

    a. Calculate the originally reported earnings per share for 2012. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

    b. Calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)

    © BrainMass Inc. brainmass.com October 10, 2019, 7:02 am ad1c9bdddf
    https://brainmass.com/business/accounting/calculating-restated-cash-dividends-per-share-565803

    Solution Preview

    a. Calculate the originally reported earnings per share for 2012. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)
    Originally reported earnings per share for ...

    Solution Summary

    The solution helps in estimating restated cash dividend per share for 2012. Equations are provided for better understanding of the question.

    $2.19