What is the earnings per share in year

Assignment Help Accounting Basics
Reference no: EM132713111

Problem - Wonderful Company had 250,000 ordinary shares outstanding all throughout 2019. In 2020, share issuances occurred:

On March 31, 20,000 shares were issued for cash.

On October 1, a 109% bonus issue (share dividend) was declared.

On November 2, a 2-for-1 share split was issued.

Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019?

Reference no: EM132713111

Questions Cloud

Identify the law of motion : Identify the law of motion that is illustrated by the following:
What is maximum amount of qualified expenses john can use : John's earned income is 60,000. What is the maximum amount of qualified expenses John can use to figure the child and dependent care credit
Draw a free-body diagram and quantitatively : Find or develop a question in which you are required to draw a free-body diagram and quantitatively determine the net force. Fully solve the question.
Microservices case study : Summarise any findings or recommendations that the report puts forward regarding the concepts covered in the report - What the reader can expect
What is the earnings per share in year : Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019
Record the journal entry for the collection : Record the journal entry for the collection of the 7 percent note on May 3 and the dishonor of the 9 percent note on June 2
Performance gap for low income women prenatal care : "Closing the performance gap for low income women's prenatal care?" Expected outcomes and explain how you determined outcomes.
Which will a cut in the corporate income tax rate : Which will a cut in the corporate income tax rate from 35% to 21% be most likely to induce them to raise their investment spending during the first 3 years
Find force of friction acting on the box : If the first person applies a force of 250N, and the second person applies a force of 300N, what is the force of friction acting on the box to keep it at rest?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the predetermined overhead rate under current method

Compute the predetermined overhead rate under the current method of allocation and determine the unit product cost

  What would have been the amount of net income or net loss

What would have been the amount of net income or net loss? If required, use the minus sign to indicate a net loss.

  How would the entry differ if the dividend were liquidating

How would the entry differ if the dividend were a liquidating dividend

  Discuss net position for southern state university as june

Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015

  Compute the direct labor cost and direct materials cost

Fairfax Company uses weighted-average process costing to account for its production costs. Compute both direct labor cost and direct materials cost assigned

  Compute the dollar amount of ocean city kite company

Ocean City Kite Company manufactures & sells kites for $9.00 each. Compute the dollar amount of Ocean City Kite Company's fixed costs.

  What is the adjusted journal entries

The annual interest rate on mortgage payable was 9.25%. What is the adjusted journal entries for this problem ( round to two decimal places)

  The company income statement and balance sheet

During 2010, Robin Wright Tool Company purchased a building site for its proposed research and development laboratory at a cost of $60,000. Construction of the building was started in 2010. The building was completed on December 31, 2011, at a cost o..

  Determine the assignment of costs to goods transferred out

Determine the assignment of costs to goods transferred out and in process

  Prepare the journal entry to record each semiannual

The current market rate is 8%. Prepare the journal entry to record each semiannual interest payment

  Compute the net present value of this investment

If at least an 9% return on this investment must be earned, compute the net present value

  Expense which is related to the company sole

In year 1 Laylor Company has revenues of $100,000, advertising expense of $22,000, depreciation of $15,000-what is expected for last four years. The cost of capital is 10%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd