Phone Co. had EPS of P15.00 for 2020 before considering the effects of any convertiblesecurities.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 byPO.10.What amount should Phone Co. report as diluted EPS for 2020?

Earnings per share is the ratio analysis tool which determines what the company is earning for each…

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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

Problem 1Q

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Question

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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