LOVE Co. had EPS of P15.00 for 2020 before considering the effects of any convertible securities. No conversion or exercise of convertible securities occurred during 2020. However, possible conversion of convertible bonds would have reduced EPS by P0.75. The effect of possible exercise of ordinary share options would have increased EPS by P0.10. What amount should LOVE Co. report as diluted earnings per share (EPS) for 2020? P14.25 P14.35 P15.00 P15.10
LOVE Co. had EPS of P15.00 for 2020 before considering the effects of any convertible securities. No conversion or exercise of convertible securities occurred during 2020. However, possible conversion of convertible bonds would have reduced EPS by P0.75. The effect of possible exercise of ordinary share options would have increased EPS by P0.10. What amount should LOVE Co. report as diluted earnings per share (EPS) for 2020? P14.25 P14.35 P15.00 P15.10
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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LOVE Co. had EPS of P15.00 for 2020 before considering the effects of any convertible securities. No conversion or exercise of convertible securities occurred during 2020. However, possible conversion of convertible bonds would have reduced EPS by P0.75. The effect of possible exercise of ordinary share options would have increased EPS by P0.10. What amount should LOVE Co. report as diluted earnings per share (EPS) for 2020?
P14.25
P14.35
P15.00
P15.10
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