Dimaculangan Company has 50,000 ordinary shares outstanding on December 31, 2X19. During the sameyear, the company has a net income amounting to P1,000,000. Compute the basic EPS in the followingindependent scenarios:

a. There are no preference shares issued.

b. Dimaculangan issued 10,000 shares of 10%, 100 par, cumulative, preference shares.

c. Dimaculangan issued 10,000 shares of 10%, 100 par, noncumulative, preference shares, and declareddividends on the preference shares amounting to P300,000.

Answers with Solution:

A: __________

B: __________

C: __________