Problem $23-11($AICPA Adapted$)$

West Company had basic earnings per share of P$150$ for the current year. No conversion or exercise of convertible bonds occurred during the year.

However, possible conversion of convertible bonds would have reduced earnings per share by P$8.$

The effect of the possible exercise of share options would have increased earnings per share by P$1\mathrm{.}00.$

What amount should be reported as diluted earnings per share?

A$.142$

B$.143$

C$.150$

D$.151$