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Compute the basic earnings per share

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Reference no: EM132204965

Question - On January 1, 2018 , CDE corporation has 10,000 ordinary shares outstanding. It issued an additional 3,000 and 2,000 ordinary shares on May 1, 2018 and July 1, 2018, respectively. During 2018. it earned a profit of P72,000 and paid preference dividend of P12,000.

Required: Compute the basic earnings per share.

Reference no: EM132204965

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