ABC has the following share capital outstanding during 2021 and 2022: Preference shares, P100 par, 10% cumulative - 2,000,000 Ordinary shares, P50 par - 5,000,000 ABC reported profit of P4,000,000 for the year ended December 31, 2022. ABC paid no preferred dividends during 2021 and paid P200,000 in preferred dividends during 2022. What basic earnings per share is presented in ABC’s December 31, 2022 statement of profit or loss?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.