Multiple Choice
Edmond Biometrics experienced net income of $500,000 for both last year and the current year.The shares outstanding for the prior year was 100,000 shares for the whole year.On December 1 of the current year,Edmond declared a two for one stocksplit.There were no other stock transactions in either year.Compute the EPS that would be shown on a comparative income statement for Years 1 and 2.
A) Year 1 $5.00; Year 2 $2.50
B) Year 1 $2.50; Year 2 $2.50
C) Year 1 $5.00; Year 2 $10.00
D) Year 1 $5.00; Year 2 $4.62
Correct Answer:
Verified
Correct Answer:
Verified
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