Ericka Co. has the following share capital outstanding during 20x1 and 20x2 : Preference shares - P100 par , 10% cumulative 2, 000, 000 Ordinary shares - P50 par 5, 000, 000 Ericka reported profit of 4,000,000 for the year ended December 31, 20x2 . Ericka paid no preferred dividends during 20x1 and paid 200,000 in preferred dividends during 20x2. What basic earnings per share is presentec in Ericka December 31, 20x2 statement of profit or loss ?

Ericka Co. has the following share capital outstanding during 20x1 and 20x2 : Preference shares - P100 par , 10% cumulative 2, 000, 000 Ordinary shares - P50 par 5, 000, 000 Ericka reported profit of 4,000,000 for the year ended December 31, 20x2 . Ericka paid no preferred dividends during 20x1 and paid 200,000 in preferred dividends during 20x2. What basic earnings per share is presentec in Ericka December 31, 20x2 statement of profit or loss ?

Name: Ericka Co. has the following share capitaloutstanding during 20x1 and
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Description: Ericka Co. has the following share capitaloutstanding during 20x1 and 20x2 :Preference shares - P100 par , 10%cumulative 2, 000, 000Ordinary shares - P50 par 5, 000, 000Ericka reported profit of 4,000,000 for theyear ended December 31, 20x2 .Ericka

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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