Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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.
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 Issued 123,000 shares March 1 Issued a 20% share dividend May 1 Acquired 101,000 treasury shares June 1 Issued a 3-for-1 share split October 1 Reissued 57,000 treasury shares (a) (b) Your Answer Correct Answer Determine the weighted-average ordinary shares outstanding for 2022. Weighted-average ordinary shares outstanding eTextbook and Media Solution Your Answer Correct Answer shares Attomnte- 1 of 2 used 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 eTextbook and Media Solution
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started