On December 31, 2022, Voice Company had 500,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2022. The net income for the year was P5,100,000. What amount should be reported as basic earnings per share? 10.10 12.75 12.00 11.35

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On December 31, 2022, Voice Company had 500,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2022. The net income for the year was P5,100,000. What amount should be reported as basic earnings per share?

10.10
12.75
12.00
11.35
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