Question
The equity section of Swifty SA appears below as of December 31, 2022. Share capitalpreference (6% preference shares, R$50 par value, authorized 85,600 shares, outstanding
The equity section of Swifty SA appears below as of December 31, 2022.
Share capitalpreference (6% preference shares, R$50 par | ||||
value, authorized 85,600 shares, outstanding 75,600 shares) | R$3,780,000 | |||
Share capitalordinary (R$1 par, authorized and issued 10,000,000 shares) | 10,000,000 | |||
Share premiumordinary | 17,220,000 | |||
Retained earnings | R$112,560,000 | |||
Net income | 27,720,000 | 140,280,000 | ||
R$171,280,000 |
Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$10,080,000 (before tax) as a result of discontinued operations. Preference dividends of R$226,800 were declared and paid in 2022. Dividends of R$840,000 were declared and paid to ordinary shareholders in 2022. Compute earnings per share data as it should appear on the income statement of Swifty SA
Earnings Per Share: Income from continuing operations R$ Discontinued operations, net of tax Net incomeStep by Step Solution
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