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The information relates to Dagupan Inc. for the year ended December 31, 2016 and 2017: (1) Extracts of Statement of Comprehensive income w 2017 2016

The information relates to Dagupan Inc. for the year ended December 31, 2016 and 2017: (1) Extracts of Statement of Comprehensive income w 2017 2016

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the total EPS for 2017? (2 decimal places)

The information relates to Dagupan Inc. for the year ended December 31, 2016 and wwwwww 2017: (1) Extracts of Statement of Comprehensive income 2017 2016 Pesos in millions Profit after tax Other comprehensive income (net of tax) Total comprehensive income (2) Shareholder equity as on 1st January 2016 comprised of: (a) 25 Million Ordinary shares of P10 each (b) 5 million cumulative preference shares of P10 each entitled to a cumulative 2,400 230 1,800 100 2,630 1,900 dividend at 18% (3) During the year 2016, the following events occurred: (a) On 2nd March, Dagupan announced 30% bonus issue to ordinary shareholders. The entitlement (issue) date of bonus shares was 30th April. (b) On 1stAugust, 2 million ordinary shares were issued at Market value of P30 (4) During the year 2017, the following events occurred: (a) On 1stFebruary, 25% bonus shares were issued to ordinary shareholders. (b) On 15th March, Dagupan announced 40% right shares to its ordinary shareholders at P24 per share. The entitlement date of right shares was 1stMay. The market price per share immediately before the announcement date and entitlement date was P32 and P30 , respectively (c) On September 30th, ordinary shares were consolidated and every three shares P10 face value existing shares were replaced with one P30 face value new shares. (d) During the year, Interim Dividend of P2.5 Million was paid to ordinary shareholders (5) On 1stFebruary 2018, 15% bonus shares were issued to ordinary shareholders. (6) Profit after tax include a profit of P200 million in 2017 and P170 Million in 2016 which relates to discontinued operation.
Transcribed Image Text:The information relates to Dagupan Inc. for the year ended December 31, 2016 and wwwwww 2017: (1) Extracts of Statement of Comprehensive income 2017 2016 Pesos in millions Profit after tax Other comprehensive income (net of tax) Total comprehensive income (2) Shareholder equity as on 1st January 2016 comprised of: (a) 25 Million Ordinary shares of P10 each (b) 5 million cumulative preference shares of P10 each entitled to a cumulative 2,400 230 1,800 100 2,630 1,900 dividend at 18% (3) During the year 2016, the following events occurred: (a) On 2nd March, Dagupan announced 30% bonus issue to ordinary shareholders. The entitlement (issue) date of bonus shares was 30th April. (b) On 1stAugust, 2 million ordinary shares were issued at Market value of P30 (4) During the year 2017, the following events occurred: (a) On 1stFebruary, 25% bonus shares were issued to ordinary shareholders. (b) On 15th March, Dagupan announced 40% right shares to its ordinary shareholders at P24 per share. The entitlement date of right shares was 1stMay. The market price per share immediately before the announcement date and entitlement date was P32 and P30 , respectively (c) On September 30th, ordinary shares were consolidated and every three shares P10 face value existing shares were replaced with one P30 face value new shares. (d) During the year, Interim Dividend of P2.5 Million was paid to ordinary shareholders (5) On 1stFebruary 2018, 15% bonus shares were issued to ordinary shareholders. (6) Profit after tax include a profit of P200 million in 2017 and P170 Million in 2016 which relates to discontinued operation.
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