ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has the following share capital outstanding: Ordinary share capital, P10 par, 5,000,000 shares P30,000,000 10% Convertible, Non-Cumulative Preference share capital, P70 par, 500.000 shares 10,500,000 10% Cumulative Preference share capital, P30 par, 500.000 shares 12,000,000 What is this year's Earnings per share? OP1.26 per share P1.50 per share P1.75 per share P2.10 per share P2.50 per share
ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has the following share capital outstanding: Ordinary share capital, P10 par, 5,000,000 shares P30,000,000 10% Convertible, Non-Cumulative Preference share capital, P70 par, 500.000 shares 10,500,000 10% Cumulative Preference share capital, P30 par, 500.000 shares 12,000,000 What is this year's Earnings per share? OP1.26 per share P1.50 per share P1.75 per share P2.10 per share P2.50 per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has
the following share capital outstanding:
Ordinary share capital, P10 par, 5,000,000 shares P30,000,000
10% Convertible, Non-Cumulative Preference share capital, P70 par, 500.000 shares
10,500,000
10% Cumulative Preference share capital, P30 par, 500.000 shares 12,000,000
What is this year's Earnings per share? *
P1.26 per share
P1.50 per share
P1.75 per share
P2.10 per share
P2.50 per share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67171be1-cefe-4455-9cde-da0795e4581c%2F19a42efa-d036-4171-aafe-cc0aa4ac332c%2Fiysuw2x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has
the following share capital outstanding:
Ordinary share capital, P10 par, 5,000,000 shares P30,000,000
10% Convertible, Non-Cumulative Preference share capital, P70 par, 500.000 shares
10,500,000
10% Cumulative Preference share capital, P30 par, 500.000 shares 12,000,000
What is this year's Earnings per share? *
P1.26 per share
P1.50 per share
P1.75 per share
P2.10 per share
P2.50 per share
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