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
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
Transcribed Image Text:At December 31, 2018 PT ABC had 300.00O 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.
Rp3,00.
Rp1,58.
Rp3,17.
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