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On January 1, 2022, Splish Ltd. had 459,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account. February
On January 1, 2022, Splish Ltd. had 459,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account. February 1 March 1 May 1 June 1 October 1 Issued 123,000 shares Issued a 20% share dividend Acquired 101,000 treasury shares Issued a 3-for-1 share split Reissued 57,000 treasury shares (a) Your Answer Correct Answer Determine the weighted average ordinary shares outstanding for 2022. Weighted average ordinary shares outstanding shares e Textbook and Media Solution Attemnte. 1 of 2 cod (b) Your Answer Correct Answer Assume that Splish Ltd. earned net income of 3,577,000,000 during 2022. In addition, it had 95,000 shares of 9%, 100 par, non-convertible, non-cumulative preference shares outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preference dividend in 2022. Compute earnings per share for 2022, using the weighted average ordinary shares determined in part (a). (Round answer to 2 decimal places, e.g. 2,150.25.) Earnings per share e Textbook and Media Solution c) Your Answer Correct Answer Assume the same facts as in part (b), except that the preference shares were cumulative. Compute earnings per share for 2022. (Round answer to 2 decimal places, eg. 2,150.25.) Earnings per share * e Textbook and Media Solution Attempts: 1 of 2 used Using multiple attempts will impact your score. 50% score reduction after attemnt 1 (d) Your Answer Correct Answer Assume the same facts as in part (b), except that net income included a loss from discontinued operations of 413,000,000. The loss from discontinued operations is net of applicable income taxes. Compute earnings per share for 2022. (Round answer to 2 decimal places, e.g. 2,150.25.) EE = e Textbook and Media Solution Attempts: 1 of 2 used
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