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What is the basic earnings per share

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Question - During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par 10 - 1,000,000; 7% Preference share capital, 100 par, cumulative - 500,000. The net income for the year amounts to 500,000. What is the basic earnings per share?

Reference no: EM133071850

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