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In 2020, ABC Ltd reported a net income of R1,000,000. On 1 January 2020, there were 1,000,000 shares outstanding. On 1 July 2020, ABC Ltd

  1. In 2020, ABC Ltd reported a net income of R1,000,000. On 1 January 2020, there

were 1,000,000 shares outstanding. On 1 July 2020, ABC Ltd issued 100,000 new

shares for R20 per share. ABC Ltd paid R200,000 in dividends to common shareholders. What is ABC s basic earnings per share for 2020?

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