Question
Problem 31-2 (IFRS) On January 1, 2016, Citadel Company had 500,000 ordinary shares outstanding with P100 par value. On same date, the entity had also
Problem 31-2 (IFRS)
On January 1, 2016, Citadel Company had 500,000 ordinary shares outstanding with P100 par value.
On same date, the entity had also unexercised share options to purchase 50,000 share at P180 per share.
The fair value of the share option on grant date is P20. The average market price of ordinary share is P250.
What amount should be reported as diluted earnings per share?
30.00
29.18
29.41
28.57
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
Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
