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XYZ Reported the Following Equity Accounts on December 31 of This

Question 85

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XYZ reported the following equity accounts on December 31 of this year: XYZ reported the following equity accounts on December 31 of this year: Additional Information: (1) The Board of Directors declared a 10 percent stock dividend on all classes of shares o April 1, and issued these shares on August 1. (2) Income for the period was $88. (3) There were no share transactions during the year, other than the stock dividend. The basic earnings per share amount is: (Rounded to the nearest cent.) A) $2.00. B) $1.68. C) $2.20. D) $1.52. E) There would not be a basic earnings per share figure for XYZ this year. Additional Information: (1) The Board of Directors declared a 10 percent stock dividend on all classes of shares o April 1, and issued these shares on August 1.
(2) Income for the period was $88.
(3) There were no share transactions during the year, other than the stock dividend.
The basic earnings per share amount is: (Rounded to the nearest cent.)


A) $2.00.
B) $1.68.
C) $2.20.
D) $1.52.
E) There would not be a basic earnings per share figure for XYZ this year.

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