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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
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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