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Find what amount reported as basic earnings per share

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Reference no: EM132539710

Athena company provided the following information:

Net income for 2019 18,000,000

Net income for 2020 60,000,000

Ordinary shares outstanding on December 31, 2019 200,000

  • A bonus issue was made on October 1, 2020 in the ratio of two additional ordinary shares for each original ordinary share on December 31, 2019.

Question 1: What amount should be reported as 2019 basic earnings per share in the 2020 comparative income statement?

a. 90

b. 30

c. 60

d. 45

Question 2: What amount should be reported as 2020 basic earnings per share in the 2020 comparative income statement?

a. 200

b. 100

c. 150

d. 175

Reference no: EM132539710

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