Homework Help is Here – Start Your Trial Now!
Business
Accounting
Pfizer Company had 500,000 ordinary shares issued and outstanding at December 31, 2020. During 2021, no additional share was issued. On January 1, 2021, Pfizer issued 400,000 nonconvertible preference shares. During 2021, Pfizer declared and paid P180,000 cash dividends on the ordinary shares and P150,000 on the nonconvertible preference shares. Net income of the year ended December 31, 2021 was P980,000. What should be the 2021 earnings per ordinary share of Pfizer Company?

Pfizer Company had 500,000 ordinary shares issued and outstanding at December 31, 2020. During 2021, no additional share was issued. On January 1, 2021, Pfizer issued 400,000 nonconvertible preference shares. During 2021, Pfizer declared and paid P180,000 cash dividends on the ordinary shares and P150,000 on the nonconvertible preference shares. Net income of the year ended December 31, 2021 was P980,000. What should be the 2021 earnings per ordinary share of Pfizer Company?

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

Pfizer Company had 500,000 ordinary shares issued and outstanding at December 31, 2020. During 2021, no additional share was issued. On January 1, 2021, Pfizer issued 400,000 nonconvertible preference shares. During 2021, Pfizer declared and paid P180,000 cash dividends on the ordinary shares and P150,000 on the nonconvertible preference shares. Net income of the year ended December 31, 2021 was P980,000. What should be the 2021 earnings per ordinary share of Pfizer Company?

Expert Solution
trending now

Trending now

This is a popular 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.
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