On January 01, 2022, DEF Company provided the following information: Ordinary share capital, P50, 150,000 shares

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answerhappygod
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On January 01, 2022, DEF Company provided the following information: Ordinary share capital, P50, 150,000 shares

Post by answerhappygod »

On January 01, 2022, DEF Company provided the following
information:
Ordinary share capital, P50, 150,000 shares


7,500,000
10% bonds payable, each P1,000 is convertible into 20 ordinary
shares 6,000,000
On June 30, bonds with face amount of P3,000,000 were actually
converted into ordinary shares. The net income for the current year
was P2,115,000 and the income tax rate is 30%.
Diluted EPS
a. 10.13
b. 12.15
c. 9.00
d. 11.57
Pls, ASAP, it will be upvoted
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