During 20B, Glaiza company had the following two classes of share capital issued and outstanding for the entire year: Ordinary share capital, 300,000 shares, P10 par P3,000,000; Preference share capital, 3,000 shares, P100 par, 12% convertible Share for share into ordinary share, P300,000. Glaiza's net income for 20B was P2,700,000, and its income tax rate is 30%. In the computation of basic earnings per share, what is the basic earnings per share? Choices: 9.12 8.88 6.12 9.00
During 20B, Glaiza company had the following two classes of share capital issued and outstanding for the entire year: Ordinary share capital, 300,000 shares, P10 par P3,000,000; Preference share capital, 3,000 shares, P100 par, 12% convertible Share for share into ordinary share, P300,000. Glaiza's net income for 20B was P2,700,000, and its income tax rate is 30%. In the computation of basic earnings per share, what is the basic earnings per share? Choices: 9.12 8.88 6.12 9.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 20B, Glaiza company had the following two classes of share capital issued and outstanding for the entire year: Ordinary share capital, 300,000 shares, P10 par P3,000,000;
Choices:
-
9.12
-
8.88
-
6.12
-
9.00
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