Question
21. Cooke Company had 100,000 ordinary shares and 10,000 of 5%, P100 par, cumulative preference shares. No dividends were declared last year and this year.
21. Cooke Company had 100,000 ordinary shares and 10,000 of 5%, P100 par, cumulative preference shares. No dividends were declared last year and this year. Net income for the current year is P900,000. What is the basic EPS?
a. 8.50
b. 9.00
c. 5.00
d. 9.50
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
