Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The equity section of Bramble SA appears below as of December 31, 2022. Share capitalpreference (6% preference shares, R$50 par value, authorized 105,400 shares, outstanding

The equity section of Bramble SA appears below as of December 31, 2022.

Share capitalpreference (6% preference shares, R$50 par
value, authorized 105,400 shares, outstanding 95,400 shares)

R$4,770,000

Share capitalordinary (R$1 par, authorized and issued 10,000,000 shares)

10,000,000

Share premiumordinary

21,730,000

Retained earnings

R$142,040,000

Net income

34,980,000

177,020,000

R$213,520,000

Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,720,000 (before tax) as a result of discontinued operations. Preference dividends of R$286,200 were declared and paid in 2022. Dividends of R$1,060,000 were declared and paid to ordinary shareholders in 2022. Compute earnings per share data as it should appear on the income statement of Bramble SA. (Round answers to 2 decimal places, e.g. 1.48.)

image text in transcribed

See the drop down options.

image text in transcribed

Thank you.

Earnings Per Share: Net income R$ 34,629,000 Ordinary shares 10,000,000 Income from continuing operations 3.46 Earnings Per Share: Net income R$ 34,629,000 10,000,000 Income from continuing operations Income taxes Discontinued operations, net of tax Net income Ordinary shares 3.46

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computerized Accounting With Quickbooks 2018

Authors: James B. Rosa, Kathleen Villani

1st Edition

0763882674, 9780763882679

More Books

Students also viewed these Accounting questions

Question

1 What is meant by systematic training?

Answered: 1 week ago