Question
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
- 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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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
