Treasury shares, Interest, Dividends, Losses and Gains 4. Which of the following statement is correct? a. Entity A reacquires its own shares for P10,000. The shares were originally issued for 94,000. Entity A recognizes a loss of P6,000. b. Gains and losses arising from a financial liability are recognized in directly in equity. c. Entity A declares dividends. Entity A will recognize the amount of the dividends as expense in profit or loss. d. Entity A settles a liability with carrying amount of P100,000 for P85,000. This transaction results to a P15,000 gain that is recognized in profit or loss.

Jj.84.

Choose the letter of the correct answer.    How much is the total assets, liabilities and shareholder' equity of Tom Corporation? (check the picture attached)   a. Asset = P 326,000; Liabilities = P 130,000; Shareholder's equity = P 196,000 b. Asset = P 320,000; Liabilities = P 136,000; Shareholder's equity = P 184,000 c. Asset = P 200,000; Liabilities = P 70,000; Shareholder's equity = P 130,000 d. Asset = P 326,000; Liabilities = P 180,000; Shareholder's equity = P 146,000

E2.8 (LO 2) (Calculate ratios and evaluate profitability.) The following informat Saputo Inc. for the year ended March 31 (in millions, except share price): Income available for common shareholders Weighted average number of common shares Share price 2021 $625.6 409.8 $37.79 2020 $582.8 400.3 $33.84 Instructions a. Calculate the basic earnings per share and price-earnings ratio for each year. b. Based on your calculations above, how did the company's profitability change from 2020 to 2021? c. When income rose, did the share price increase? How does this affect the price-earnings ratio? d. Do you think investors are more or less optimistic about the company's profitability in the future? OC €