36-42 | Intermediate Accounting Vol. III 2022 Edition by R. R. Ocamp SCORE: NAME: PROFESSOR: The basic SECTION: a. P22.0 Multiple Choice Problems b. P22.5 C. P25. P27. MCP 36-1 - Basic EPS with redeemable preference shares Entity A is a corporation listed on a recognized stock exchange. Giver MCP 36 below is an extract from its statement of comprehensive income for the year ended Dec. 31, 2021. At Dec. shares Profit before tax P580,000 outstar Income tax expense 150,000 ordina Profit after tax 430,000 that th declare In addition to the above information the entity paid during the year an was p ordinary dividend of P40,000 and a dividend on its redeemable earnin preference shares of P50,000. The entity had P100,000 of P0.50 ordinary shares in issue throughout the year and authorized share a. P capital of 1,000,000 ordinary shares. b. P1 C. P: What should be the basic earnings per share figure for the year d. P computed in accordance with PAS 33? a. PO.38 MCP b. P0.43 C. P1.90 Entit d. P2.15 sec 202 MCP 36-2 - Basic loss per share In OCCI The statement of comprehensive income of Entity B reported a loss of . P10,000,000 for the year ended Dec. 31, 2021. The entity had shares outstanding as follows: Pro Ordinary share capital, P100 par, 400,000 shares Preference share capital, P100 par, 10% P40,000,000 WH 20 cumulative, 100,000 shares convertible into 100,000 ordinary shares 10,000,000