YY Company had 100,000 ordinary shares outstanding throughout the current year. in addition, at the beginning of the current year, the entity had issued share options that allowed employees to purchase 40,000 ordinary shares. The option exercise price is P16 per share. The entity had no other potentially dilutive securities. The net income for the year was P3,200,000. The average share price for the year was P25.60. What amount should be reported as diluted earnings per share?
YY Company had 100,000 ordinary shares outstanding throughout the current year. in addition, at the beginning of the current year, the entity had issued share options that allowed employees to purchase 40,000 ordinary shares. The option exercise price is P16 per share. The entity had no other potentially dilutive securities. The net income for the year was P3,200,000. The average share price for the year was P25.60. What amount should be reported as diluted earnings per share?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 9PA: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000...
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YY Company had 100,000 ordinary shares outstanding throughout the current year. in addition, at the beginning of the current year, the entity had issued share options that allowed employees to purchase 40,000 ordinary shares. The option exercise price is P16 per share. The entity had no other potentially dilutive securities. The net income for the year was P3,200,000. The average share price for the year was P25.60. What amount should be reported as diluted earnings per share?
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