Chapter 7
Corporations: The Financial Statements
366
AP-12B (
7
)
Shown below is a section of the statement of financial position of You Co.
Shareholders’ Equity
Common Shares, unlimited shares authorized, 562,652 shares issued and outstanding
$2,169,856
Retained Earnings
1,733,427
Accumulated Other Comprehensive Income
30,283
Total Shareholders’ Equity
3,933,566
Total Liabilities and Shareholders’ Equity
$5,511,187
Required
a) Calculate the book value per share for 2016.
Shareholders’ Equity
Shares—End of Year
Book Value per Share
b) Calculate the basic earnings per share for You Co. based on the following income statement.
Net income
$1,293,897
Earnings per share
Basic
?
Diluted
$2.26
