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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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