January 1 44,000 x

1.25 x 3 x 12/12
165,000
February 1 56,000 x
1.25 x 3 x 11/12
192,500
May 1 25,000 x 1.25
x 3 x 8/12 (62,500)
September 1 10,000
x 3 x 4/12 10,000
January 1 44,000 x
1.25 x 3 x 12/12
165,000
February 1 56,000 x
1.25 x 3 x 11/12
192,500
May 1 25,000 x 1.25
x 3 x 8/12 (62,500)
September 1 10,000
x 3 x 4/12 10,000
January 1 44,000 x
1.25 x 3 x 12/12
165,000
February 1 56,000 x
1.25 x 3 x 11/12
192,500
May 1 25,000 x 1.25
x 3 x 8/12 (62,500)
September 1 10,000
x 3 x 4/12 10,000
January 1 44,000 x
1.25 x 3 x 12/12
165,000
February 1 56,000 x
1.25 x 3 x 11/12
192,500
May 1 25,000 x 1.25
x 3 x 8/12 (62,500)
September 1 10,000
x 3 x 4/12 10,000
305,000
January 1 44,000 x
1.25 x 3 x 12/12
165,000
February 1 56,000 x
1.25 x 3 x 11/12
192,500
May 1 25,000 x 1.25
x 3 x 8/12 (62,500)
September 1 10,000
x 3 x 4/12 10,000
305,000
2020
Jan. 1 Outstanding
100,000
March 1 Treasury
shares purchased
(3,000)
Sept. 1 Resale of
2020
Jan. 1 Outstanding
100,000
March 1 Treasury
shares purchased
(3,000)
Sept. 1 Resale of
Gene Justine A. Sacdalan

Accounting 18

October 23,2021

1)

January 1 44,000 x 1.25 x 3 x 12/12 165,000

February 1 56,000 x 1.25 x 3 x 11/12 192,500

May 1 25,000 x 1.25 x 3 x 8/12 (62,500)

September 1 10,000 x 3 x 4/12 10,000

305,000 A.
2)

2019

Jan. 1 100,000 x 1.25 x 12/12 125,000

March 1 3,000 x 1.25 x 10/12 (3,125)

Sept.1 3,000 x 1.25 x 4/12 1,250

Dec. 1 66,000 x 1.25 x 1/12 6,875

Average shares outstanding 130,000

2019 Basic Earnings Per Share(2,600,000/130,000) 20.00 B.

3)

Jan. 1 Outstanding 100,000

March 1 Treasury shares purchased (3,000)

Sept. 1 Resale of treasury shares 3,000

Dec. 1 New issue 66,000

Ordinary shares-Dec.31,2019 166,000

Average share outstanding 2020(166,000 x 1.25) 207,500

2020 Basic Earnings Per Share (4,000,000/207,500) 19.28 B.

4) January 1 Outstanding 100,000

September 1 Conversion (10,000 x 6 x 4/12) 20,000

Average share outstanding 120,000

Net income 2,000,000

Preference dividend (1,000,000 x 5%) (50,000)

Net income to ordinary shares 1,950,000

Basic Earnings Per Share (1,950,000/120,000) 16.25 A.

5)

January 1 Outstanding 100,000

September 1 Conversion (10,000 x 6) 60,000

Total ordinary shares 160,000

Diluted EPS (2,000,000 / 160,000) 12.5 A.

6)

Ordinary shares outstanding 8,000,000

Convertible bonds (1000x80) 80,000

Total ordinary share 8,080,000

Net income 9,500,000

8080000/9500000=8.48 D.

7)

January 480,000x1.2x3x12/12 1,728,000

February 120,000x1.2x3x11/12 396,000

May 100,000x3x3/12 (200,000)

October 60,000x3/12 15,000

Weighted ave. outstanding shares 1,939,000 A

Net income 35,000,000

Pref. 10%x10,000,000 (1,000,000)

Net income ordinary 34,000,000

34000000/1939000=17.53 D

9)
OS Jan1 300,000

OS issued july 1 50,000x6/12 25,000

Share option outstanding 40,000

Assume treasury 600000x20 (30,000)

Ave. no. of shares 335000 B

10)

Ordinary shares outstanding 1,200,000

ordinary shares to be issued 50,000

Total ordinary shares 1,250,000

Net income 3,400,000

Preference dividend (200,000)

Net income to ordinary shares 3,200,000

Diluted EPS (3,200,000/1,250,000) 2.56 D.