At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative 5% Preference Shares, P100 par value. No dividends were declared on either the preference or ordinary shares in 2020 and 2019. Net income for 2020 was P 900,000. How much is the basic earnings per share?
At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative 5% Preference Shares, P100 par value. No dividends were declared on either the preference or ordinary shares in 2020 and 2019. Net income for 2020 was P 900,000. How much is the basic earnings per share?
At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative 5% Preference Shares, P100 par value. No dividends were declared on either the preference or ordinary shares in 2020 and 2019. Net income for 2020 was P 900,000. How much is the basic earnings per share?
At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative 5% Preference Shares, P100 par value. No dividends were declared on either the preference or ordinary shares in 2020 and 2019. Net income for 2020 was P 900,000. How much is the basic earnings per share?
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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