The equity section of Sosa SA appears below as of December 31, 2019. Net income for 2019

Question:

The equity section of Sosa SA appears below as of December 31, 2019.
Share capital-preference (6% preference shares, R$50 par value, authorized 100,000 shares, outstanding 90,000 shares) Sh

Net income for 2019 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference dividends of R$270,000 were declared and paid in 2019. Dividends of R$1,000,000 were declared and paid to ordinary shareholders in 2019.
Instructions
Compute earnings per share data as it should appear on the income statement of Sosa SA.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

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

Question Posted: