Question
The equity section of Sosa Corporation appears below as of December 31, 2015. Share capital-preference (6% preference shares, R$50 per value, authorized 100,000 shares, outstanding
The equity section of Sosa Corporation appears below as of December 31, 2015.
Share capital-preference (6% preference shares, R$50 per value, authorized 100,000 shares, outstanding 90,000 shares) R$4,500,000
Share capital-ordinary (R$1 par, authorized and issued 10 million shares) 10,000,000
Share premium--ordinary. 20,500,000
Retained earnings. R$134,000,000
Net income. 33,000,000. 167,000,000
-------------------
R$202,000,000
Net income for 2015 reflects tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discounted operations. Preference dividends of R$270,000 were declared and paid in 2015. Dividends of R$1,000,000 were declared and paid to ordinary shareholders in 2015.
Compute earnings per share data as it should appear on the income statement of Sosa Corporation. (round answers to 2 decimal places)
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