At December 31, 2015, Ruiz Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had

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At December 31, 2015, Ruiz Company had 600,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1, 2015. Net income for 2015 was R$1,750,000, and dividends declared on preference shares were R$400,000. Compute Ruiz’s earnings per ordinary share.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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