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Compute the basic earnings per share

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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: EM132205480

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