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Just need to figure out how to get the Weighted Ave. Ordinary Shares Outstanding and Basic Earning Per Share. No need generalized answer need awesome
Just need to figure out how to get the Weighted Ave. Ordinary Shares Outstanding and Basic Earning Per Share.
No need generalized answer need awesome answer please solve good expert
Specter Corp. has 100,000, P20 par, ordinary shares issued and outstanding at the beginning of the year. The following transactions occurred during the year: 1. Specter issued 48,000 shares on Jan. 31 . 2. 24,000 options were exercised on Mar. 1. 3. Specter reacquired 30,000 of its own shares on Mar. 31 . 4. 40,000 callable preference shares 6%, P50 par were called in on Apr. 1 after paying the dividends. These shares were called in at P80, but were originally issued at P75. 5. Before the previous year ended, Specter hired the services of an independent consultant for a 4-month project. 30,000 shares were issued as payment on Apr. 30 . 6. Specter issued a 30% share dividend on June 1. 7. On Oct. 1 of last period, Specter issued bonds that will be converted automatically to 60,000 ordinary shares on July 1. 8. Three years ago, Specter issued 6,000 ordinary shares to its executives, provided that they will stay in its employ for three years. This condition was fulfilled on May 31 of the current year. 9. P3M worth of bonds payable were converted on Sept. 1. Each P1,000 bond was converted to 20 ordinary shares. 10. Specter implemented a 2 -for-1 share split on Oct. 1. 11. Net income for the year was P3,978,000. Dividends amounting to P200,000 were paid to cumulative preference shares. Compute Specter's BEPSStep by Step Solution
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