Adjusted net income 2018 P1,050,000 2019 2,350,000 2020 1,765,000 Ordinary shares outstanding prior to rights issue 80,000 Rights issued during 2018 20,000 Date of exercise of rights March 31, 2019 FV of share immediately prior to exercise of rights P300 Exercise or subscription price 80 Compute for the following (Round off adjustment factor and EPS to two decimal places): 1. Adjusted basic EPS in 2018 2. Adjusted basic EPS in 2019

Adjusted net income 2018 P1,050,000 2019 2,350,000 2020 1,765,000 Ordinary shares outstanding prior to rights issue 80,000 Rights issued during 2018 20,000 Date of exercise of rights March 31, 2019 FV of share immediately prior to exercise of rights P300 Exercise or subscription price 80 Compute for the following (Round off adjustment factor and EPS to two decimal places): 1. Adjusted basic EPS in 2018 2. Adjusted basic EPS in 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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