Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000 Number of shares outstanding January 1 to March 31 - 150, 000 April 1 to May 31 120,000 June 1 to December 31 - 180,000 In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share What amount should be reported as diluted earnings per share?
Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000 Number of shares outstanding January 1 to March 31 - 150, 000 April 1 to May 31 120,000 June 1 to December 31 - 180,000 In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share What amount should be reported as diluted earnings per share?
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 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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Levi Co. is calculating earnings per share for inclusion in the annual report to share holders.
The entity obtained the following information from the controller's office: Net income from January 1 to December 31-P1,250,000
Number of shares outstanding
January 1 to March 31 - 150, 000
April 1 to May 31 120,000
June 1 to December 31 - 180,000
In addition, the entity issued 100,000 incentive share options with an exercise price of P30 The year end market price was P25 per share and the average market price price was P20 per share
What amount should be reported as diluted earnings per share?
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