Net income for 2022 reflects a total effective tax rate of 20%. Included in the net...
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Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$10,320,000 (before tax) as a result of discontinued operations. Preference dividends of R$232,200 were declared and paid in 2022. Dividends of R$860,000 were declared and paid to ordinary shareholders in 2022. Compute earnings per share data as it should appear on the income statement of Marigold SA. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share: Income from continuing operations R$ Discontinued operations, net of tax Net income Current Attempt in Progress The equity section of Marigold SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 87,400 shares, outstanding 77,400 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income R$3,870,000 10,000,000 17,630,000 R$115,240,000 28,380,000 143,620,000 R$175,120,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$10,320,000 (before tax) as a result of discontinued operations. Preference dividends of R$232,200 were declared and paid in 2022. Dividends of R$860,000 were declared and paid to ordinary shareholders in 2022. Compute earnings per share data as it should appear on the income statement of Marigold SA. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share: Income from continuing operations R$ Discontinued operations, net of tax Net income Current Attempt in Progress The equity section of Marigold SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 87,400 shares, outstanding 77,400 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income R$3,870,000 10,000,000 17,630,000 R$115,240,000 28,380,000 143,620,000 R$175,120,000
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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