What amount should Phone Co. report as diluted EPS for 2020?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Phone Co. had EPS of P15.00 for 2020 before considering the effects of any convertible
securities.
No conversion or exercise of convertible securities occurred during 2020.
However, possible conversion of convertible bonds would have reduced EPS by P0.75.
The effect of possible exercise of ordinary share options would have increased EPS by
PO.10.
What amount should Phone Co. report as diluted EPS for 2020?
Transcribed Image Text:Phone Co. had EPS of P15.00 for 2020 before considering the effects of any convertible securities. No conversion or exercise of convertible securities occurred during 2020. However, possible conversion of convertible bonds would have reduced EPS by P0.75. The effect of possible exercise of ordinary share options would have increased EPS by PO.10. What amount should Phone Co. report as diluted EPS for 2020?
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