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Describe the characteristics of corporations

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Reference no: EM132906829

Financial Statement data for years ending December 31 for ABC Co. are shown below:

                                                                                       2021                           2020

Net income                                                     P350,000                 P195,000

Preferred Dividends                                             P20,000                P15,000

Average number of common shares outstanding      75,000 shares     50,000 shares

Problem 1: Determine earnings per share for 2021 and 2020.

Problem 2: Does the change in the EPS from 2020 to 2021 indicate a favorable or an unfavorable trend. Why?

Problem 3: Describe the characteristics of corporations.

Reference no: EM132906829

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