1. What amount should be reported as basic EPS for 2022 Problem 19-16 (AICPA Adapted) Strauch Company had one class of share capital outstanding and no other securities that are potentially convertible into ordinary shares. During 2021, 120,000 shares were outstanding. 2. What amount should be reported as basic EPS for 2021 On April 1, 2022, 40,000 shares of treasury were sold, and on July 1, 2022, a 2-for-1 share split was issued. Net income was P6,000,000 in 2022 and P3,600,000 in 202l. 1. What amount should be reported as basic EPS for 2022 in the 2022 comparative income statement? а. 25.00 b. 20.00 c. 18.75 d. 37.50 2. What amount should be reported as basic EPS for 202. in the 2022 comparative income statement? а. 30,00 b. 15.00 с. 45.00 d. 22.50

1. What amount should be reported as basic EPS for 2022 Problem 19-16 (AICPA Adapted) Strauch Company had one class of share capital outstanding and no other securities that are potentially convertible into ordinary shares. During 2021, 120,000 shares were outstanding. 2. What amount should be reported as basic EPS for 2021 On April 1, 2022, 40,000 shares of treasury were sold, and on July 1, 2022, a 2-for-1 share split was issued. Net income was P6,000,000 in 2022 and P3,600,000 in 202l. 1. What amount should be reported as basic EPS for 2022 in the 2022 comparative income statement? а. 25.00 b. 20.00 c. 18.75 d. 37.50 2. What amount should be reported as basic EPS for 202. in the 2022 comparative income statement? а. 30,00 b. 15.00 с. 45.00 d. 22.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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