1. What amount should be reported as basic EPS for 2022 Problem 19-16 (AICPA Adapted) Strauch Company had one class of share capital outstanding and no other securities that are potentially convertible into ordinary shares. During 2021, 120,000 shares were outstanding. 2. What amount should be reported as basic EPS for 2021 On April 1, 2022, 40,000 shares of treasury were sold, and on July 1, 2022, a 2-for-1 share split was issued. Net income was P6,000,000 in 2022 and P3,600,000 in 202l. 1. What amount should be reported as basic EPS for 2022 in the 2022 comparative income statement? а. 25.00 b. 20.00 c. 18.75 d. 37.50 2. What amount should be reported as basic EPS for 202. in the 2022 comparative income statement? а. 30,00 b. 15.00 с. 45.00 d. 22.50
1. What amount should be reported as basic EPS for 2022 Problem 19-16 (AICPA Adapted) Strauch Company had one class of share capital outstanding and no other securities that are potentially convertible into ordinary shares. During 2021, 120,000 shares were outstanding. 2. What amount should be reported as basic EPS for 2021 On April 1, 2022, 40,000 shares of treasury were sold, and on July 1, 2022, a 2-for-1 share split was issued. Net income was P6,000,000 in 2022 and P3,600,000 in 202l. 1. What amount should be reported as basic EPS for 2022 in the 2022 comparative income statement? а. 25.00 b. 20.00 c. 18.75 d. 37.50 2. What amount should be reported as basic EPS for 202. in the 2022 comparative income statement? а. 30,00 b. 15.00 с. 45.00 d. 22.50
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 28E
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