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 earning per share by an additional P10. What is the diluted earnings per share that Merck Company should report for the year 2020?
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 earning per share by an additional P10. What is the diluted earnings per share that Merck Company should report for the year 2020?
Chapter1: Financial Statements And Business Decisions
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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
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