Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Earnings per share - What is the Basic Earnings per Share and Diluted earnings per share for EACH QUARTER of 2021? Please give detailed breakdown

Earnings per share - What is the Basic Earnings per Share and Diluted earnings per share for EACH QUARTER of 2021? Please give detailed breakdown of steps in good accounting format. Thank you! image text in transcribed

During 2021, Yong Corp. had 1,000,000 ordinary shares issued and outstanding. An agreement related to a recent business combination provides for the issue of additional ordinary shares based on the following conditions: a. 5,000 additional ordinary shares for each new retail site opened during 2021 b. 1,000 additional ordinary shares for each P1,000 of consolidated profit in excess of P2,000,000 for the year ended December 31, 2021 One retail site was opened on May 1, and another one on September 1. The consolidated year-to-date profit attributable to ordinary equity holders of the parent company is as follows: Year-to-date profit as of September 30 includes P450,000 loss from a discontinued operation. Determine Yong's BEPS and DEPS for each quarter of 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

DOD Financial Management The Army Faces Significant Challenges In Achieving Audit Readiness For Its Military Pay

Authors: Government Accountability Office

1st Edition

1492310921, 978-1492310921

More Books

Students also viewed these Accounting questions