Annual report for comparative purposes


Question 1: For the year ended December 31, 2012, Finco, Inc., reported earnings per share of $3.12. During 2013, the company had a 3-for-1 stock split. Calculate the 2012 earnings per share that will be reported in Finco's 2013 annual report for comparative purposes.

Question 2: Additionally, during 2014, Finco had a 2-for-1 stock split. Calculate the 2012 earnings per share that will be reported in Finco's 2014 annual report for comparative purposes.

Question 3: If Finco had issued a 10% stock dividend in 2013 and did not have a stock split, calculate the 2012 earnings per share that will be reported in Finco's 2013 annual report for comparative purposes.

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Accounting Basics: Annual report for comparative purposes
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