ezos Co. reported the following capital structure at the beginning of the current year= ordinary share capital, 200,000 shares issued and outstanding; reference share capital, 50,000 shares issued and outstanding On January 3, the company declared at 10% share dividend on ordinary shares and a P200,000 cash dividend on preference shares. The preference shares are non-cumulative, non-participating. At the end of the current year, net income amounted to P1.92 million. What is the appropriate amount to report as basic earnings per share?
ezos Co. reported the following capital structure at the beginning of the current year= ordinary share capital, 200,000 shares issued and outstanding; reference share capital, 50,000 shares issued and outstanding On January 3, the company declared at 10% share dividend on ordinary shares and a P200,000 cash dividend on preference shares. The preference shares are non-cumulative, non-participating. At the end of the current year, net income amounted to P1.92 million. What is the appropriate amount to report as basic earnings per share?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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Transcribed Image Text:Tezos Co. reported the following capital structure at the beginning of the current year:
Ordinary share capital, 200,000 shares issued and outstanding;
Preference share capital, 50,000 shares issued and outstanding
On January 3, the company declared at 10% share dividend on ordinary shares and a
P200,000 cash dividend on preference shares.
The preference shares are non-cumulative, non-participating.
At the end of the current year, net income amounted to P1.92 million.
What is the appropriate amount to report as basic earnings per share?
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