how much is the basic earnings per share for the year ended 2021?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 11P: Net Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as...
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The adjusted net income of ABC Company for the years 2021 and 2020 amounted to P 2,796,354.00 and P 2,091,096.00, respectively. Information regarding EPS computation are as follows:
Ordinary shares outstanding, January 2020 – 36,000
Rights issue during 2020 – 18,000
Date of exercise of rights – June 30, 2021
Fair value of share right – on – P 420
Subscription price – P 60
If ABC company intends to present a financial statement for the comparative periods 2020 and 2021, how much is the basic earnings per share for the year ended 2021? (round-off answer to the nearest centavo)
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