Business, 21.02.2020 21:23 davidgarcia522083

For the year ended December 31, YR01 Target Inc. had net income of $10,000. At this date Target had 1,000 common shares issued and outstanding (par value =$1 per share). The number of common shares issued and outstanding did not change during YR01. Also, Target Inc. has no outstanding convertible securities. Target Inc. issued its December 31, YR01 annual report to shareholders on February 1, YR02. On January 15, YR02 the Board of Directors declared a 10% stock dividend to be distributed on January 20, YR02. At the date of declaration the market price of the common stock was $10 per share.
Required:1. Does the stock dividend declared and distributed in early YR02 affect the EPS disclosure that will appear in the December 31, YR01 annual report?

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For the year ended December 31, YR01 Target Inc. had net income of $10,000. At this date Target had...