Quiz Pas 33 Eps
Quiz Pas 33 Eps
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
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a. 12.58
b. 12.67
c. 11.71
d. 11.67
Profit for the year is ₱1,200,000. Entity A’s income tax rate is 30%.
“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)
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