please answer question 11.12. required 1 to 3. asap!!! its chapter - Equity.

7 May 1 July 1 Purchased 12,000 shares to be held as treasury stock. Aug. 1 Reissued 6,000 shares of treasury stock. Oct 1 Cancelled 2,000 shares of treasury stock. On December 31, the company declared preference dividends of 12,000. Required **** Alternative to 1. Compute the basic earnings per share for 20xx. 2. Suppose Mohan Company did not declare preference dividends because it did not have cash. How would this affect the computation of earnings per share assuming that the preference shares were non-convertible, non-cumulative? 3. Suppose Mohan Company had dilutive securities throughout 20XX. Assuming that all dilutive securities had been converted at the beginning of the year, the weighted number of equity shares would have been 250,000. Compute the diluted earnings per share. Avik Company reported an after-tax net profit of 362,500. On January 1, 20X3, the company had Problem 11.12 240,000 equity shares of 10 par value and 1,500 of 10 per cent, 3100 non-convertible, cumulative Earnings Per Share preference shares. Information about transactions that affected the share capital account follows: Feb. 1 Issued 120,000 shares at a premium of 25. 240 Problem 11.11 Apr. 1 Purchased 30,000 shares to be held as treasury, stock. 120 June 1 Declared a 1:3 bonus. 360 Sept. 1 Purchased a further 30,000 shares for treasury. On December 31, the company declared preference dividends of 715,000. 3 30 Required 1. Compute the basic earnings per share for 20X3. 3 2. Suppose Avik Company did not declare preference dividends because it did not have cash. How would this affect the computation of earnings per share, assuming that the preference shares were non-convertible, non-cumulative? 3. Suppose Avik Company had dilutive securities throughout 20X3. Assuming that all dilutive securities had been converted at the beginning of the year, the weighted number of equity shares would have been 450,000. Compute the diluted earnings per share. 30 . 4Pok uu 7 May 1 July 1 Purchased 12,000 shares to be held as treasury stock. Aug. 1 Reissued 6,000 shares of treasury stock. Oct 1 Cancelled 2,000 shares of treasury stock. On December 31, the company declared preference dividends of 12,000. Required **** Alternative to 1. Compute the basic earnings per share for 20xx. 2. Suppose Mohan Company did not declare preference dividends because it did not have cash. How would this affect the computation of earnings per share assuming that the preference shares were non-convertible, non-cumulative? 3. Suppose Mohan Company had dilutive securities throughout 20XX. Assuming that all dilutive securities had been converted at the beginning of the year, the weighted number of equity shares would have been 250,000. Compute the diluted earnings per share. Avik Company reported an after-tax net profit of 362,500. On January 1, 20X3, the company had Problem 11.12 240,000 equity shares of 10 par value and 1,500 of 10 per cent, 3100 non-convertible, cumulative Earnings Per Share preference shares. Information about transactions that affected the share capital account follows: Feb. 1 Issued 120,000 shares at a premium of 25. 240 Problem 11.11 Apr. 1 Purchased 30,000 shares to be held as treasury, stock. 120 June 1 Declared a 1:3 bonus. 360 Sept. 1 Purchased a further 30,000 shares for treasury. On December 31, the company declared preference dividends of 715,000. 3 30 Required 1. Compute the basic earnings per share for 20X3. 3 2. Suppose Avik Company did not declare preference dividends because it did not have cash. How would this affect the computation of earnings per share, assuming that the preference shares were non-convertible, non-cumulative? 3. Suppose Avik Company had dilutive securities throughout 20X3. Assuming that all dilutive securities had been converted at the beginning of the year, the weighted number of equity shares would have been 450,000. Compute the diluted earnings per share. 30 . 4Pok uu