If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

Q: At the beginning of 2019, ABC Corporation had retained earnings of P 3,000,000. Throughout the year,…

A: Retained earning means amount of profit remain after all the adjustment of expense and various…

Q: short-term debt should be presented

A: Adjusting events are events occurring after the balance sheet date, before the issue of financial…

Q: Lilac Company has 200,000 shares of ordinary shares outstanding on January 1, 2021. On March 31,…

A:

Q: In 2018, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2019,…

A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

Q: On December 31, 2019, LBC Co. had 2,000,000 shares of ordinary shares standing. On January 1, 2020,…

A: EPS means earnings available for each equity shareholder. Diluted EPS means when earnings of the…

Q: At the beginning of 2019, Cookie Corporation had retained earnings of P 3,000,000. Throughout the…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: The net income of Monarch Skate Inc. amounted to $3,750,000 for the year ended December 31, 2020.…

A: Earning per share = Net income/ Weighted avearge no of outstanding share

Q: On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At…

A: Paid in capital in excess of par = Issue price per share - Par value per share = P58 per share - P30…

Q: On December 31, 2019, VENUS Company had 450,000 shares of ordinary shares outstanding. On September…

A: EPS stands for earnings per share which denotes the earnings which are available to distribute to…

Q: PROBLEM 1: You were assigned to audit the shareholders' equity of Glory Inc. for the year ended…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: The following transactions took place during the year ended 31 December 2020: On 1 March 2020, a…

A: Stockholders' equity represents the shares of the company held in hands of the shareholders of the…

Q: ABS Co. had 900,000 ordinary shares issued and outstanding at December 31, 2019. On July 1, 2020 an…

A: First, calculate the diluted effect on stocks: Stock option dilluted effect=Share option…

Q: ABC Company had 600,000 ordinary shares outstanding on January 1, 2020. During 2020, ABC Company…

A: Right shares- When the entity issued shares to its exiting shareholders with a right to subscriber…

Q: At the beginning of 2019, Microbee Honey Corporation had 90,000 shares of $1.00 par value…

A: “Hey, since there are multiple questions posted, we will answer first three questions. If you want…

Q: At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of…

A: Diluted Earnings per Share = Adjusted Net income /Weighted Average Shares

Q: how much should ABC Company report as basic Earnings Per Share?

A: Formula: Ex- Right Price= Old Shares×Market Price+New Shares×Issue PriceOld Shares+ New Shares EPS=…

Q: Lilac Company has 200,000 shares of ordinary shares outstanding on January 1, 2021. On March 31,…

A: Diluted earnings per share (diluted EPS) is a corporation's earnings per share if all convertible…

Q: Kimber Inc. reported net income of $177,500 during 2021.  At January 1, 2021 Kimber had 100,000…

A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…