Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On January 2 of the same year, the company issued 112,000 preference shares. During the year, the company issued declared and paid ₱588,000 cash dividend on the ordinary shares and ₱336,000 on the preference shares. Net income for the year was ₱2,100,000. What should be the basic earnings per share on 2020?
Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On January 2 of the same year, the company issued 112,000 preference shares. During the year, the company issued declared and paid ₱588,000 cash dividend on the ordinary shares and ₱336,000 on the preference shares. Net income for the year was ₱2,100,000. What should be the basic earnings per share on 2020?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 24E
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1. Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On January 2 of the same year, the company issued 112,000
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