PLEASE HELP ME ANSWER THE FF:
1.On December 31, 2019, VENUS Company had 450,000 shares of ordinary shares outstanding. On September 1, 2020, an additional 150,000 shares of ordinary shares were issued. In addition, VENUS Company had P 10,000,000 of 6% convertible bonds outstanding at December 31, 2019 which are convertible into 300,000 shares of ordinary shares. The carrying value of the bonds as of December 31, 2019 and based on a rate of 8% is P 9,205,800. No bonds were converted into ordinary shares in 2020. The net income for the year ended December 31, 2020 was P3,750,000.Using 30% income tax rate, how much should be the diluted EPS to be presented by VENUS Company for the year ended December 31, 2020? (use 2 decimal places)*
2.In answering the question, use 2 decimal places for the Book Value per share.*
ABC Co. has authorized share capital of 10,000 8% participating preference shares with P100 par value and 100,000 ordinary shares with P10 par value. ABC Co. reported this on December 31,2020: Preference share capital P500,000 Ordinary share capital 900,000 Share premium 90,000 Retained Earnings 138,000 Treasury ordinary shares - 1,000 at cost (20,000) Shareholders' equity P1,608,000 Dividends on preference shares are in arrears for the current year. If ABC Co. is liquidated, how much would be received by Mr. Chris Pin who holds 20,000 voting shares? TBelow is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par P2,000,000 14% Preference Capital, P300 par 3,000,000 Ordinary share capital, P100 par 5,000,000 Retained Earnings 2,240,000 Share Premium 1,500,000 The 12% preference share is cumulative while the 14% preference share is participating. Dividends have not been paid for 3 years. What is the book value per ordinary share?The information relates to W Inc. for the year ended Decerrber 31, 2016 and 2017: (1) Extracts of Statement of Comprehensive income 2017 2016 Pm in millions Prolit after tax 2,400 1,800 Other con'prehensive income (net of tax) 230 100 Total cormrehensive income 2 630 1 900 (2) Shareholder equity as on 1aJanuary 2016 compn'a at: (a) 25 Million Ordinary shares of P10 each (b) 5 million cumulative preference shares of P1 0 each entitled to a cumulative dividend at 18% (3) During the year 2018, the following events occurred: (a) 0n 2nd March, Wan announced 30% bonus issue to ordinary shareholders. The entitlement (Isue) date of bonus shares was BOmAprii. (b) 0n 1aAugust, 2 million ordinary shares were issued at Market value of P30 (4) During the year 2017, the following events occurred: (a) On in February, 25% bonus shares were issued to ordinary shareholders. (b) 0n 15a. March, Dggugan announced 40% right shares to its ordinary shareholders at P24 per share. The entitlement date of right shares was 1nMay. The market price per share immediately before the announcement date and entitlement date was P32 and P30 , respectively (c) On September 30:11, ordinary shares were consolidated and every three shares P10 face value existing shares were replaced with one P30 face value newshares. ((1) During the year, Interim Dividend of P25 Million was paid to ordinary shareholders (5}On 19February 2018, 15% bonus shares were ncued to ordinary shareholders. (6) Prot after tax include a proiit of P200 million in 2017 and P1?0 Million in 2016 which relates to discontinued operation
