What is the basic loss per share

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Reference no: EM132833221

Question - Liza company had the following transactions during the year:

January 1 Outstanding shares 300,000

May 1 New shares issued 60,000

July 1 Treasury shares acquired 24,000

December 1 Treasury shares resold 12,000

Required -

a. Compute the average ordinary shares outstanding.

b. If the entity issued only ordinary shares, and it sustained a net loss of P1,345,000, what is the basic loss per share?

c. In relation to letter b, if the entity had 50,000 shares, P50 par, 12% cumulative preference shares outstanding during the year aside from its ordinary shares, what will be the earnings (loss) per share?

d. If the entity issued only ordinary shares, and it has a net income of P2,500,000, what is the basic loss per share?

e. In relation to letter d, if the entity had 50,000 shares, P50 par, 12% cumulative preference shares outstanding during the year aside from its ordinary shares, what will be the earnings (loss) per share?

Reference no: EM132833221

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