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17. Silver Company reported the following capital structure on January 1, 2015: Ordinary share capital Preference share capital Shares issued and outstanding 200,000 50,000 On October 1, 2015, the entity issued a 10 % stock dividend on ordinary shares, and paid the annual cash dividend of P200,000 on preference shares. The preference shares are noncumulative, nonparticipating and nonconvertible. Net income for the year ended December 31, 2015 was P1,920,000. What amount should be reported as basic earnings per share? c. 9.36 d. 7.82 a. 8.20 b. 8.72

17. Silver Company reported the following capital structure on January 1, 2015: Ordinary share capital Preference share capital Shares issued and outstanding 200,000 50,000 On October 1, 2015, the entity issued a 10 % stock dividend on ordinary shares, and paid the annual cash dividend of P200,000 on preference shares. The preference shares are noncumulative, nonparticipating and nonconvertible. Net income for the year ended December 31, 2015 was P1,920,000. What amount should be reported as basic earnings per share? c. 9.36 d. 7.82 a. 8.20 b. 8.72

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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17. Silver Company reported the following capital structure on January 1, 2015: Ordinary share capital Preference share capital Shares issued and outstanding 200,000 50,000 On October 1, 2015, the entity issued a 10 % stock dividend on ordinary shares, and paid the annual cash dividend of P200,000 on preference shares. The preference shares are noncumulative, nonparticipating and nonconvertible. Net income for the year ended December 31, 2015 was P1,920,000. What amount should be reported as basic earnings per share? a. 8.20 c. 9.36 d. 7.82 b. 8.72
Transcribed Image Text:17. Silver Company reported the following capital structure on January 1, 2015: Ordinary share capital Preference share capital Shares issued and outstanding 200,000 50,000 On October 1, 2015, the entity issued a 10 % stock dividend on ordinary shares, and paid the annual cash dividend of P200,000 on preference shares. The preference shares are noncumulative, nonparticipating and nonconvertible. Net income for the year ended December 31, 2015 was P1,920,000. What amount should be reported as basic earnings per share? a. 8.20 c. 9.36 d. 7.82 b. 8.72
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