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Bumblebee Corporations net income in 2019 amounted to $1,500,000. Compute for the basic earnings per share given the following independent scenarios: 1. $2,000,000 Ordinary shares,

Bumblebee Corporations net income in 2019 amounted to $1,500,000.

Compute for the basic earnings per share given the following independent scenarios:

1.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • No dividends are declared pertaining to these shares.

2.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • Dividends are declared pertaining to these shares.

3.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • $1,000,000 5% non-cumulative Preference shares, with par value of $50, are outstanding in 2019.
  • No dividends are declared on both shares.

4.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • $1,000,000 5% non-cumulative Preference shares, with par value of $50, are outstanding in 2019.
  • Dividends are declared on both shares.

5.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • $1,000,000 5% cumulative Preference shares, with par value of $50, are outstanding in 2019.
  • No dividends are declared on both shares.

6.

  • $2,000,000 Ordinary shares, with par value of $20, are outstanding in 2019.
  • $1,000,000 5% cumulative Preference shares, with par value of $50, are outstanding in 2019.
  • Dividends are declared on both shares.

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