Problem 8 During 2021, Yong Corp. had 1,000,000 ordinary shares issued and outstanding. An agreement related to a rec business combination provides for the issue of additional ordinary shares based on the following conditions: a. 5,000 additional ordinary shares for each new retail site opened during 2021 b. 1,000 additional ordinary shares for each P1,000 of consolidated profit in excess of P2,000,000 for the y ended December 31, 2021 One retail site was opened on May 1, and another one on September 1. The consolidated year-to-date profit attributable to ordinary equity holders of the parent company is as follows: As of March 31 As of June 30 As of September 30 As of December 31 P1,100,000 P2,300,000 P1,900,000 P2,900,000 Year-to-date profit as of September 30 includes P450,000 loss from a discontinued operation. Determine Yong's BEPS and DEPS for each quarter of 2021.
Problem 8 During 2021, Yong Corp. had 1,000,000 ordinary shares issued and outstanding. An agreement related to a rec business combination provides for the issue of additional ordinary shares based on the following conditions: a. 5,000 additional ordinary shares for each new retail site opened during 2021 b. 1,000 additional ordinary shares for each P1,000 of consolidated profit in excess of P2,000,000 for the y ended December 31, 2021 One retail site was opened on May 1, and another one on September 1. The consolidated year-to-date profit attributable to ordinary equity holders of the parent company is as follows: As of March 31 As of June 30 As of September 30 As of December 31 P1,100,000 P2,300,000 P1,900,000 P2,900,000 Year-to-date profit as of September 30 includes P450,000 loss from a discontinued operation. Determine Yong's BEPS and DEPS for each quarter of 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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EARNINGS PER SHARE - What is the Basic Earnings per Share and Diluted earnings per share for each quarter of 2021?
Transcribed Image Text:Problem 8
During 2021, Yong Corp. had 1,000,000 ordinary shares issued and outstanding. An agreement related to a recent
business combination provides for the issue of additional ordinary shares based on the following conditions:
a. 5,000 additional ordinary shares for each new retail site opened during 2021
b. 1,000 additional ordinary shares for each P1,000 of consolidated profit in excess of P2,000,000 for the year
ended December 31, 2021
One retail site was opened on May 1, and another one on September 1.
The consolidated year-to-date profit attributable to ordinary equity holders of the parent company is as follows:
As of March 31
As of June 30
As of September 30
As of December 31
P1,100,000
P2,300,000
P1,900,000
P2,900,000
Year-to-date profit as of September 30 includes P450,000 loss from a discontinued operation.
Determine Yong's BEPS and DEPS for each quarter of 2021.
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