During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire...

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During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par P10 - P1,000,000; 7% Preference share capital, P100 par, cumulative - $500,000. The net income for the year amounts to $500,000. What is the basic earnings per share? (PRESENT YOUR ANSWER IN TWO (2) DECIMAL PLACES, example: xx.xx) 6. SPIDER MAN Bottling Corporation embarked on a promotional program whereby a can opener costing P13 each is given away for 10 bottle crowns plus P5. SPIDER MAN also pays #2 per can opener for handling and shipping cost. SPIDER MAN estimates that only 40% of the bottle crowns in the hands of consumers will be presented for redemption. The following information is available: Bottles sold - 1,000,000 units amounting to $5,000,000; Can openers bought for giveaways - 15,000 units amounting to P195,000; Can openers distributed to customers - 10,000 units. At the close of the first year, how much should SPIDER MAN recognize as estimated liability for promotional items outstanding? During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par P10 - P1,000,000; 7% Preference share capital, P100 par, cumulative - $500,000. The net income for the year amounts to $500,000. What is the basic earnings per share? (PRESENT YOUR ANSWER IN TWO (2) DECIMAL PLACES, example: xx.xx) 6. SPIDER MAN Bottling Corporation embarked on a promotional program whereby a can opener costing P13 each is given away for 10 bottle crowns plus P5. SPIDER MAN also pays #2 per can opener for handling and shipping cost. SPIDER MAN estimates that only 40% of the bottle crowns in the hands of consumers will be presented for redemption. The following information is available: Bottles sold - 1,000,000 units amounting to $5,000,000; Can openers bought for giveaways - 15,000 units amounting to P195,000; Can openers distributed to customers - 10,000 units. At the close of the first year, how much should SPIDER MAN recognize as estimated liability for promotional items outstanding?

Answer rating: 100% (QA)

6 To calculate the basic earnings per share EPS we need to determine the weighted average number of ... View the full answer