December 31, 2021, Schroeder SE had the following shares outstanding. 8% cumulative preference shares, 100 par, 107,500
Question:
December 31, 2021, Schroeder SE had the following shares outstanding.
8% cumulative preference shares, €100 par, 107,500 shares .................... €10,750,000
Ordinary shares, €5 par, 4,000,000 shares ..................................................... 20,000,000
During 2022, Schroeder did not issue any additional shares. The following also occurred during 2022.
Income before income tax ..................................................... €21,650,000
Discontinued operations (loss before taxes) ........................... 3,225,000
Preference dividends declared ..................................................... 860,000
Ordinary dividends declared ...................................................... 2,200,000
Effective tax rate .................................................................................... 35%
Instructions
Compute earnings per share data as it should appear in the 2022 income statement of Schroeder SE. Round to two decimal places.
Step by Step Answer:
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield