Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000 Number of shares outstanding January 1 to March 31 - 150, 000 April 1 to May 31 120,000 June 1 to December 31 - 180,000 In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share What amount should be reported as diluted earnings per share?
Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000 Number of shares outstanding January 1 to March 31 - 150, 000 April 1 to May 31 120,000 June 1 to December 31 - 180,000 In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share What amount should be reported as diluted earnings per share?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Levi Co. is calculating earnings per share for inclusion in the annual report to share holders.
The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000
Number of shares outstanding
January 1 to March 31 - 150, 000
April 1 to May 31 120,000
June 1 to December 31 - 180,000
In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share
What amount should be reported as diluted earnings per share?
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