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Compute the diluted earnings per ordinary share

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Reference no: EM132842583

Question - On December 31, 2021, GOLD Inc. had outstanding 180,000 shares of ordinary share. Net income for 2021 was P885,000. Outstanding options (granted July 1, 2021) to purchase 15,000 shares of ordinary share at P20 per share had not been exercised by December 31, 2021. During 2021, market prices for the ordinary share were:

July 1 - P18 per share

December 31 - P32 per share

Average market - P25 per share

Requirement - Compute the diluted earnings per ordinary share in 2021?

Reference no: EM132842583

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