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#25 ABC Company has the following data for the year: Ordinary shares, outstanding since January 1 – 100,000 shares Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces 8% preference shares outstanding since January1, P 100 par, 1 preference share convertible into 3 ordinary shares – 50,000 pieces 9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000 Net Income, 2022 – 2,500,000 Income tax rate – 30% How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest

#25 ABC Company has the following data for the year: Ordinary shares, outstanding since January 1 – 100,000 shares Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces 8% preference shares outstanding since January1, P 100 par, 1 preference share convertible into 3 ordinary shares – 50,000 pieces 9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000 Net Income, 2022 – 2,500,000 Income tax rate – 30% How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest

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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#25

ABC Company has the following data for the year:

Ordinary shares, outstanding since January 1 – 100,000 shares

Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces

8% preference shares outstanding since January1, P 100 par, 1 preference share convertible into 3 ordinary shares – 50,000 pieces

9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000

Net Income, 2022 – 2,500,000

Income tax rate – 30%

How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest centavo)

 

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