ngelic Company has one class of ordinary shares outstanding. and no other securities are potentially convertible into ordinary shares. Angelic Company's 2011 audited financial statements reported earnings per share of P4.95. On April 1, 2012, a 10% bonus issue was declared which was issued on May 1, 2012. On September 1, 2012, 12,000 new shares were issued for cash. Profit reported by Angela Company for 2011 and 2012 were P495,000 and P825,000, respectively. What amount should Angela Company report as earnings per share in its in 2012 comprehensive income? and 2011 comparative statements of
ngelic Company has one class of ordinary shares outstanding. and no other securities are potentially convertible into ordinary shares. Angelic Company's 2011 audited financial statements reported earnings per share of P4.95. On April 1, 2012, a 10% bonus issue was declared which was issued on May 1, 2012. On September 1, 2012, 12,000 new shares were issued for cash. Profit reported by Angela Company for 2011 and 2012 were P495,000 and P825,000, respectively. What amount should Angela Company report as earnings per share in its in 2012 comprehensive income? and 2011 comparative statements of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Angelic Company has one class of ordinary shares outstanding. and no other securities are potentially convertible into ordinary shares. Angelic Company's 2011 audited financial statements reported earnings per share of P4.95.
On April 1, 2012, a 10% bonus issue was declared which was
issued on May 1, 2012. On September 1, 2012, 12,000 new shares were issued for cash. Profit reported by Angela Company for 2011 and 2012 were P495,000 and P825,000, respectively. What amount should Angela Company report as earnings per
share in its
in 2012
comprehensive income?
and 2011 comparative statements of
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education