ABC Co. had 200,000 ordinary shares, 20,000 convertible preference shares, and P1,000,000 of 5% convertible bonds outstanding during 2020. The preference shares are convertible into 40,000 ordinary shares. During 2020, ABC paid dividends of P.60 per share on the ordinary shares and P2 per share on the preference shares. Each P1,000 bond is convertible into 45 ordinary shares. The net income for 2020 was P400,000 and the income tax rate was 30%. Diluted EPS for 2020 is (rounded to the nearest penny) *     P1.39       P1.41       P1.53       P1.67

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Q: (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.)…

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Q: (a) Compute diluted earnings per share for 2022. (Round answer to 2 decimal places, es. 2.55.)…

A: Answer:

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A:

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