At December 31, 2018 PT ABC had 300.000 ordinary shares and 10.000 shares of 5%, Rp100 par value cumulative preference shares outstanding. No dividends were declared on either the preference or ordinary shares in 2018 or 2019. On January 30, 2020, prior to the issuance of its financial statements for the year ended December 31, 2019, ABC declared a 100% share dividend on its ordinary shares. Net income for 2019 was Rp950.000. In its 2019 financial statements, ABC's 2019 earnings per share should be: * Rp1,50. O Rp3,00. Rp1,58. O Rp3,17.
At December 31, 2018 PT ABC had 300.000 ordinary shares and 10.000 shares of 5%, Rp100 par value cumulative preference shares outstanding. No dividends were declared on either the preference or ordinary shares in 2018 or 2019. On January 30, 2020, prior to the issuance of its financial statements for the year ended December 31, 2019, ABC declared a 100% share dividend on its ordinary shares. Net income for 2019 was Rp950.000. In its 2019 financial statements, ABC's 2019 earnings per share should be: * Rp1,50. O Rp3,00. Rp1,58. O Rp3,17.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education