#25 ABC Company has the following data for the year: Ordinary shares, outstanding since January 1 – 100,000 shares Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces 8% preference shares outstanding since January1, P 100 par, 1 preference share convertible into 3 ordinary shares – 50,000 pieces 9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000 Net Income, 2022 – 2,500,000 Income tax rate – 30% How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest
#25 ABC Company has the following data for the year: Ordinary shares, outstanding since January 1 – 100,000 shares Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces 8% preference shares outstanding since January1, P 100 par, 1 preference share convertible into 3 ordinary shares – 50,000 pieces 9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000 Net Income, 2022 – 2,500,000 Income tax rate – 30% How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest
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 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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#25
ABC Company has the following data for the year:
Ordinary shares, outstanding since January 1 – 100,000 shares
Share options, issued January 1, 1:1 at P 160 per share, average market price at P 200 – 12,000 pieces
8% preference shares outstanding since January1, P 100 par, 1
9% bonds payable issued in the previous year, P 1,000 bond is convertible into 40 ordinary shares – P 1,000,000
Net Income, 2022 – 2,500,000
Income tax rate – 30%
How much is the incremental EPS for convertible preference shares? (round-off answer to the nearest centavo)
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