The EASY Corporation has the following information relating to its share capital: • 10% Preference shares, cumulative, P100 par value, 30,000 shares authorized, 20,000 shares outstanding - P2,000,000 Ordinary shares, P10 par value, 500,000 authorized, 300,000 shares outstanding - P3,000,000 Required: Compute the earnings per share assuming that the reported profit of the company is P750.000.
The EASY Corporation has the following information relating to its share capital: • 10% Preference shares, cumulative, P100 par value, 30,000 shares authorized, 20,000 shares outstanding - P2,000,000 Ordinary shares, P10 par value, 500,000 authorized, 300,000 shares outstanding - P3,000,000 Required: Compute the earnings per share assuming that the reported profit of the company is P750.000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer problem 2 in excel
![Instruction: Provide the information asked for each of the
problem below. Use excel/word for your answers.
Problem #1:
The YZA Corporation has 100,000 ordinary shares
authorized, par value P10. As of the end of reporting period,
60,000 of the shares are outstanding.
Required: Compute the earnings per share assuming the
company has a profit of:
A. P10,000
B. P70,000
C. P90,000
D. P150,000
E. P180,000
Problem #2
The EASY Corporation has the following information
relating to its share capital:
• 10% Preference shares, cumulative, P100 par value,
30,000 shares authorized, 20,000 shares outstanding -
P2,000,000
• Ordinary shares, P10 par value, 500,000 authorized,
300,000 shares outstanding - P3,000,000
Required: Compute the earnings per share assuming that
the reported profit of the company is P750.000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71ccb3f4-d2fa-40c1-adac-cec032dc7183%2F547d49b4-bda2-4f3c-871f-6d84c74774a2%2Fo7kc2b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Instruction: Provide the information asked for each of the
problem below. Use excel/word for your answers.
Problem #1:
The YZA Corporation has 100,000 ordinary shares
authorized, par value P10. As of the end of reporting period,
60,000 of the shares are outstanding.
Required: Compute the earnings per share assuming the
company has a profit of:
A. P10,000
B. P70,000
C. P90,000
D. P150,000
E. P180,000
Problem #2
The EASY Corporation has the following information
relating to its share capital:
• 10% Preference shares, cumulative, P100 par value,
30,000 shares authorized, 20,000 shares outstanding -
P2,000,000
• Ordinary shares, P10 par value, 500,000 authorized,
300,000 shares outstanding - P3,000,000
Required: Compute the earnings per share assuming that
the reported profit of the company is P750.000.
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