Reference no: EM133158046

Questions -

Q1. Leizel Corporation has 500,000 ordinary shares outstanding on January 1, 2022. Leizel Corporation offers rights issue to its existing shareholders that enable them to acquire 1 ordinary share at a subscription price of P145 for every 4 rights held. The rights are exercised on June 1, 2022. The market price of one ordinary share immediately before exercise is P190. Leizel Corporation reported profit after tax of P5,250,000 in 2022. What is the basic earnings per share in 2022?

Q2. At December 31, 2022, the Narima Company had 1,000,000 shares of common stock outstanding. On August 1, 2023, an additional 600,000 shares of common stock were issued. In addition, Narima had P18,000,000 of 12 percent convertible bonds outstanding at December 31, 2022, which are convertible into 366,000 shares of common stock. No bonds were converted into common stock in 2023. The net income for the year ended December 31, 2023, was P10,500,000. Assuming the income tax rate was 25 percent, what should be the diluted earnings per share for the year ended December 31, 2023?

Q3. At December 31, 2023 and 2022, Aniah Co. had 950,000 shares of common stock and 100,000 shares of 7.5 percent, P200 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2023 or 2022. Net income for 2023 was P6,250,000. For 2023, basic earnings per common share amounted to?