ABC Company has the following 2022 data: Net Income – P 4,000,000 January 1 outstanding shares – 100,000 Share options, 9,000 pieces, entitling to purchase 1 share for each 1 option for P 120 – 90,000 Average Market price – P 150 Ending market price at year-end – P 200 How much is the diluted earnings per share for the year assuming share options were issued on June 1, 2022 and no exercise of options were made during the year? (round off to the nearest centavo)
ABC Company has the following 2022 data: Net Income – P 4,000,000 January 1 outstanding shares – 100,000 Share options, 9,000 pieces, entitling to purchase 1 share for each 1 option for P 120 – 90,000 Average Market price – P 150 Ending market price at year-end – P 200 How much is the diluted earnings per share for the year assuming share options were issued on June 1, 2022 and no exercise of options were made during the year? (round off to the nearest centavo)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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#35
ABC Company has the following 2022 data:
Net Income – P 4,000,000
January 1 outstanding shares – 100,000
Share options, 9,000 pieces, entitling to purchase 1 share for each 1 option for P 120 – 90,000
Average Market price – P 150
Ending market price at year-end – P 200
How much is the diluted earnings per share for the year assuming share options were issued on June 1, 2022 and no exercise of options were made during the year? (round off to the nearest centavo)
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