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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. What amount should be reported as básic EPS for 2021
Problem 19-16 (AICPA Adapted)
10
fo
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.
a.
b.
On April 1, 2022, 40,000 shares of treasury were sold, and on
July 1, 2022, a 2-for-1 share split was issued.
C.
d.
Net income was P6,000,000 in 2022 and P3,600,000 in 2021.
Pr
1. What amount should be reported as basic EPS for 2022
Du
20
sh.
in the 2022 comparative income statement?
a. 25.00
b. 20.00
c. 18.75
d. 37.50
P3
pa
WE
in the 2022 comparative income statement?
a.
a. 30,00
b. 15.00
C. 45.00
d. 22.50
b.
C.
d.
602
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