Homework Help is Here – Start Your Trial Now!
Business
Accounting
On January 01, 2022, DEF Company provided the following information:    Ordinary share capital, P50, 150,000 shares                                             7,500,000 10% bonds payable, each P1,000 is convertible into 20 ordinary shares    6,000,000 On June 30, bonds with face amount of P3,000,000 were actually converted into ordinary shares. The net income for the current year was P2,115,000 and the income tax rate is 30%. Diluted EPS a. 10.13 b. 12.15 c. 9.00 d. 11.57

On January 01, 2022, DEF Company provided the following information:    Ordinary share capital, P50, 150,000 shares                                             7,500,000 10% bonds payable, each P1,000 is convertible into 20 ordinary shares    6,000,000 On June 30, bonds with face amount of P3,000,000 were actually converted into ordinary shares. The net income for the current year was P2,115,000 and the income tax rate is 30%. Diluted EPS a. 10.13 b. 12.15 c. 9.00 d. 11.57

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

On January 01, 2022, DEF Company provided the following information:

 

 Ordinary share capital, P50, 150,000 shares                                             7,500,000

10% bonds payable, each P1,000 is convertible into 20 ordinary shares    6,000,000

On June 30, bonds with face amount of P3,000,000 were actually converted into ordinary shares. The net income for the current year was P2,115,000 and the income tax rate is 30%.

Diluted EPS
a. 10.13
b. 12.15
c. 9.00
d. 11.57



Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Earning per share and Dilutive securities
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS