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    This document contains a quiz with 5 multiple choice questions related to calculating earnings per share (EPS) according to PAS 33. The questions cover topics such as computing basic EPS given changes in share capital throughout a period, the impact of preferred dividends, bonus issues, share splits, rights issues, and convertible bonds on EPS calculations. Romans 15:13 is quoted at the end.

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    This document contains a quiz with 5 multiple choice questions related to calculating earnings per share (EPS) according to PAS 33. The questions cover topics such as computing basic EPS given changes in share capital throughout a period, the impact of preferred dividends, bonus issues, share splits, rights issues, and convertible bonds on EPS calculations. Romans 15:13 is quoted at the end.

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    1K views2 pages

    Quiz Pas 33 Eps

    Uploaded by

    Apol Asus
    This document contains a quiz with 5 multiple choice questions related to calculating earnings per share (EPS) according to PAS 33. The questions cover topics such as computing basic EPS given changes in share capital throughout a period, the impact of preferred dividends, bonus issues, share splits, rights issues, and convertible bonds on EPS calculations. Romans 15:13 is quoted at the end.

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    Page|1

    PAS 33 Earnings per Share


    QUIZ:
    1. Entity A had 100,000, ₱10 par, 10% cumulative preference shares outstanding all
    throughout 20x1. Entity A reported profit after tax of ₱1,200,000 for the year
    ended December 31, 20x1. The movements in the number of ordinary shares are as
    follows:
    1/1/20x1 Ordinary shares outstanding 120,000
    3/1/20x1 Shares issued for cash 42,000
    9/30/20x1 Subscribed shares 20,000
    11/1/20x1 Reacquisition of treasury shares (12,000)
    Outstanding shares at the end of period 170,000

    What is the basic earnings per share?


    a. 5.92
    b. 6.96
    c. 7.09
    d. 6.13

    2. Entity A is computing for its basic earnings per share and has gathered the
    following information:
    Loss for the year (800,000)
    Preferred dividends 50,000
    Outstanding ordinary shares 100,000

    There have been no changes in the number of outstanding ordinary shares during the
    period. What is the basic earnings (loss) per share?
    a. -7.50
    b. 7.50
    c. -8.50
    d. 8.50

    3. Entity A had 200,000 ordinary shares outstanding all throughout 20x1. In 20x2,
    share issuances occurred:
     On April 1, 20,000 shares were issued for cash.
     On September 30, a 10% bonus issue (share dividend) was declared.
     On November 1, a 2-for-1 share split was issued.

    Entity A had the following profits: ₱1,200,000 in 20x2 and ₱900,000 in 20x1. What are
    the earnings per share to be disclosed in Entity A’s 20x2 comparative financial
    statements?
    20x2 20x1
    a. 2.22 2.02
    b. 2.54 2.05
    c. 2.65 2.09
    d. 2.78 2.12

    4. Entity A has 200,000 ordinary shares outstanding on January 1, 20x1. Entity A


    offers rights issue to its existing shareholders that enable them to acquire 1
    ordinary share at a subscription price of ₱120 for every 5 rights held. The rights are
    exercised on May 1, 20x1. The market price of one ordinary share immediately
    before exercise is ₱180. Entity A reported profit after tax of ₱2,700,000 in 20x1.
    What is the basic earnings per share in 20x1?
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    a. 12.58
    b. 12.67
    c. 11.71
    d. 11.67

    5. Entity A had the following instruments outstanding all throughout

    20x1: 12% convertible bonds payable issued at face amount, each


    ₱1,000 bond is convertible into 30 ordinary shares ₱2,000,000
    Ordinary shares, ₱10 par, 100,000 shares issued and
    outstanding 1,000,000

    Profit for the year is ₱1,200,000. Entity A’s income tax rate is 30%.

    What is the diluted earnings per share in 20x1?


    a. 8.55
    b. 8.15
    c. 8.05
    d. 8.98

    “May the God of hope fill you with all joy and peace as you trust in him, so that you
    may overflow with hope by the power of the Holy Spirit.” (Romans 15:13)

    - END –

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