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Merck Company had earnings per share of P150 for 2020 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2020. However, possible conversion of convertible preference shares would have reduced earnings per share to P130. The effect of possible exercise of ordinary share warrants would have reduced earnin per share by an additional P10. What the diluted earnings per share that Merck Company should report for th vear 20202 *

Merck Company had earnings per share of P150 for 2020 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2020. However, possible conversion of convertible preference shares would have reduced earnings per share to P130. The effect of possible exercise of ordinary share warrants would have reduced earnin per share by an additional P10. What the diluted earnings per share that Merck Company should report for th vear 20202 *

FINANCIAL ACCOUNTING
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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Merck Company had earnings per share of P15O for 2020 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2020. However, possible conversion of convertible preference shares would have reduced earnings per share to P130. The effect of possible exercise of ordinary share warrants would have reduced earning per share by an additional P10. What is the diluted earnings per share that Merck Company should report for the year 2020? *
Transcribed Image Text:Merck Company had earnings per share of P15O for 2020 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2020. However, possible conversion of convertible preference shares would have reduced earnings per share to P130. The effect of possible exercise of ordinary share warrants would have reduced earning per share by an additional P10. What is the diluted earnings per share that Merck Company should report for the year 2020? *
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