ABC Co. had 600,000 ordinary shares issued and outstanding at December 31, 2019. During 2020, no additional ordinary shares were issued. On January 1, 2020, ABC Co. issued 400,000 nonconvertible preference shares. During 2020, ABC Co. declared and paid P200,000 cash dividend on ordinary shares and P110,000 on preference shares. Net income for 2020 was P750,000. What should be the basic earnings per share for 2020? A. P0.75 B. P1.07 C. P1.35 D. P1.50 E. answer not given

Q: If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

A: Formula: Diluted EPS=Net Income-Preferred Dividend PaidWeighted Avarage No of common shares+…

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A: when companies purchase its own share from the stock market it is called buy back. Buyback allows…

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A: The shares outstanding means the equity shares issued and sold by the company in exchange for the…

Q: Use the information above for FDW Co. to answer the following question: On March 27, 2020, what…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: On February 28, 2022, Scrooge Inc. split its common shares 3 for 1, and Cratchit Inc. issued a 5%…

A: Earnings per share represents the net income allocated to each share of a company. It indicates how…

Q: PROBLEM NO. 1 Watusi Inc. began operations in January 2021 and reported the following results for…

A: Share: -The capital of the company is divided into small units. these small units are known as…

Q: how much should ABC Company report as basic Earnings Per Share?

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Q: At December 31, 2021, Azores Corp. had 20,000 shares of P1 par value treasury shares that had been…

A: Given data, Shares repurchased =20,000 Acquisition price per share =P12 Therefore, Acquisition cost…

Q: On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity…

A: Book value per share refers to the net worth of the business divided by the Number of shares…

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A: Weighted average method : Total treasury stock = 1 million + 2 million = 3 Million Total cost =…

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A: The weighted average number of common shares outstanding is calculated on the basis of the duration…

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A: As per our protocol we provide solution to the one question only and you have asked four multiple…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.