Entity A had 51, 000, P13 PAR, 23% cumulative preference shares outstanding all throughout 2021. Entity a reortea a profit after tax P 1, 250, 000for the year ended December 31, 2021. The movements in the number of shares are as follows: . . . 1/1/2021 Ordinary shrres outstanding 3/1/2021 Share issued for cash 6/30/2021 Subscribed shares 9/30/2021 Reacquisition of treasury shares 255, 000 75,000 30,000 (18 000) 342, 000
Entity A had 51, 000, P13 PAR, 23% cumulative preference shares outstanding all throughout 2021. Entity a reortea a profit after tax P 1, 250, 000for the year ended December 31, 2021. The movements in the number of shares are as follows: . . . 1/1/2021 Ordinary shrres outstanding 3/1/2021 Share issued for cash 6/30/2021 Subscribed shares 9/30/2021 Reacquisition of treasury shares 255, 000 75,000 30,000 (18 000) 342, 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer with complete solutions.
Transcribed Image Text:COMPUTE FOR YOUR BASIC EARNING PER *
SHARE
BASIC EARNINGS PER SHARE
Entity A had 51, 000, P13 PAR, 23% cumulative preference shares
outstanding all throughout 2021. Entity a reortea a profit after
tax P 1, 250, 000for the year ended December 31, 2021. The
movements in the number of shares are as follows:
0
O 7.20
O 3.35
NONE OF THE ABOVE
.
15.58
O 7.14
O 5.14
9.35
1/1/2021 Ordinary shrres outstanding
3/1/2021 Share issued for cash
O Other:
6/30/2021 Subscribed shares
9/30/2021 Reacquisition of treasury shares
255, 000
75, 000
30, 000
(18 000)
342, 000
Transcribed Image Text:COMPUTE FOR YOUR CARRYING AMOUNT *
FOR THE YEAR ENDED 2021
MAB Company acquires 25% equity interest from BAM
Company on January 1, 2020 for P242, 000. On
December 30, 2020 BAM Company reported a P 923,
000 losses and declared a no dividends.
December 30, 2021
Reported profit P 132, 000
Declared a dividends of P 100, 000
December 30, 2022
Reported losses P90, 000
Declared dividends of 30, 000
# 19 250
PO
11 250
NONE OF THE ABOVE
Other:
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