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BEPS = DEPS =

BEPS = DEPS =

FINANCIAL ACCOUNTING
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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Fisher Company had the following share capital as of December 31, 2021: Cumulative preference share capital, P100 par value, 50,000 shares outstanding, 5% dividend rate, each share convertible into four ordinary shares Ordinary share capital, P50 par, 500,000 shares authorized, 200,000 shares outstanding 5,000,000 10,000,000 The entity reported a net income of P5,400,000 for the current year. Compute for the basic and diluted earnings per share based on the following independent scenarios: A. The preference shares were issued in the prior year at par value. BEPS = DEPS B. The preference shares were issued on April 1, 2021 at par value. BEPS = DEPS =
Transcribed Image Text:Fisher Company had the following share capital as of December 31, 2021: Cumulative preference share capital, P100 par value, 50,000 shares outstanding, 5% dividend rate, each share convertible into four ordinary shares Ordinary share capital, P50 par, 500,000 shares authorized, 200,000 shares outstanding 5,000,000 10,000,000 The entity reported a net income of P5,400,000 for the current year. Compute for the basic and diluted earnings per share based on the following independent scenarios: A. The preference shares were issued in the prior year at par value. BEPS = DEPS B. The preference shares were issued on April 1, 2021 at par value. BEPS = DEPS =
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