ntity A is computing for its basic earnings er share and has gathered the following nformation: Loss for the year (800,000) referred dividends 50,000 Outstanding rdinary shares 100,000. There have beer o changes in the number of outstanding

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Entity A is computing for its basic earnings
per share and has gathered the following
information: Loss for the year (800,000)
Preferred dividends 50,000 Outstanding
ordinary shares 100,000. There have been
no changes in the number of outstanding
ordinary shares during the period. What is
the basic earnings (loss) per share? *
O -7.50
O 7.50
O -8.50
O 8.50
Transcribed Image Text:Entity A is computing for its basic earnings per share and has gathered the following information: Loss for the year (800,000) Preferred dividends 50,000 Outstanding ordinary shares 100,000. There have been no changes in the number of outstanding ordinary shares during the period. What is the basic earnings (loss) per share? * O -7.50 O 7.50 O -8.50 O 8.50
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