PROBLEM 30-4 Weighted Average with Bonus Issue On January 1 of the current year, Stephanie Company had 200,000 issued and outstanding ordinary shares. The entity had the following transactions during the year: March 1: Issued 15,000 ordinary shares April 1: Declared 20% bonus issue July 1: Reacquired 10,000 ordinary shares to be held in treasury October 1: Reissued 4,000 treasury shares The weighted average ordinary shares in computing for the earnings per share would be: a. 251,000 c. 230,000 b. 250,000 d. 188,000 PROBLEM 30-5 Weighted Average with Share Split On January 1 of the current year, Solomon Company had 240,000 issue ordinary shares and 220,000 of ordinary shares outstanding. The entity had th following transactions during the year: March 1 : Issued 12,000 ordinary shares March 30 : Completed a 4 for 1 share split for the ordinary shares April 1 : Reissued 9,000 of the treasury shares October 1 : Reissued 6,000 treasury shares The weighted average ordinary shares in computing for the earnings per sha would be: a. 928,250 c. 760,250 b. 926,750 d. 692,500 PROBLEM 30-6 Basic Earnings per Share On December 31, 2016, Noah Co. had 40,000 weighted average outstanding ordinary shares. During the year 2016, Noah Co. reported a net income of P3,000,000. Questions: Based from the above data, determine the basic earnings per share under the following independent assumptions. 1. There are no preference shares issued c. P73.75 LESSER A 10 d. P73.50 2. There are 10,000 shares of 10%, P50 par, cumulative, preference shares P76.50 c. P73.75 a. P76.50 b. P75.00 a. b. P75.00 d. P73.50 3. There are 10,000 shares of 10%, P50 par, cumulative, preference shares. Also, Noah declared dividends on the preference shares amounting to P60,000 during the year a. P76.50 b. P75.00 c. P73.75 d. P73.50