What amount should be reported as basic earnings per share?* 7.33 6.00 5.50 5.00 2. What amount should be reported as diluted earnings per share? 6.47 6.88 6.11 5.24
What amount should be reported as basic earnings per share?* 7.33 6.00 5.50 5.00 2. What amount should be reported as diluted earnings per share? 6.47 6.88 6.11 5.24
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
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 14RE
Related questions
Question
- What amount should be reported as basic earnings per share?*
7.33
6.00
5.50
5.00
2. What amount should be reported as diluted earnings per share?
6.47
6.88
6.11
5.24
![par
value.
n 2 Issued 1,500,000 ordinary shares for cash.
in. 3 Entered an agreement with the company
president to issue up to 200,000 additional
ordinary shares in 2022 based on the earnings of
the entity in 2022.
If net income exceeds P10,000,000, the president
will receive 100,000 shares and 200,000 shares if
net income exceeds P12,000,000.
Dec.31
Net income for 2021 was P11,000,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0289069a-4a04-416c-accf-895e1028ef70%2F857571c3-87d0-40b2-ab7d-8d5ea63e4f0a%2F75nsks_processed.jpeg&w=3840&q=75)
Transcribed Image Text:par
value.
n 2 Issued 1,500,000 ordinary shares for cash.
in. 3 Entered an agreement with the company
president to issue up to 200,000 additional
ordinary shares in 2022 based on the earnings of
the entity in 2022.
If net income exceeds P10,000,000, the president
will receive 100,000 shares and 200,000 shares if
net income exceeds P12,000,000.
Dec.31
Net income for 2021 was P11,000,000.
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