Question: EARNINGS PER SHARE - What is the Basic Earnings per Share and Diluted earnings per share for each quarter of 2021? During 2021, Yong Corp.
EARNINGS PER SHARE - What is the Basic Earnings per Share and Diluted earnings per share for each quarter of 2021?
During 2021, Yong Corp. had 1,000,000 ordinary shares issued and outstanding. An agreement related to a recent business combination provides for the issue of additional ordinary shares based on the following conditions: a. 5,000 additional ordinary shares for each new retail site opened during 2021 b. 1,000 additional ordinary shares for each P1,000 of consolidated profit in excess of P2,000,000 for the year ended December 31, 2021 One retail site was opened on May 1, and another one on September 1. The consolidated year-to-date profit attributable to ordinary equity holders of the parent company is as follows: Year-to-date profit as of September 30 includes P450,000 loss from a discontinued operation. Determine Yong's BEPS and DEPS for each quarter of 2021
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
