The equity section of Sosa Corporation appears below as of December 31, 2015. Net income for 2015

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The equity section of Sosa Corporation appears below as of December 31, 2015.

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Net income for 2015 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference dividends of R$270,000 were declared and paid in 2015. Dividends of R$1,000,000 were declared and paid to ordinary shareholders in 2015.

Instructions 

Compute earnings per share data as it should appear on the income statement of Sosa Corporation.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

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

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