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.

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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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