Question
On January 1, 2018 , CDE corporation has 10,000 ordinary shares outstanding. It issued an additional 3,000 and 2,000 ordinary shares on May 1, 2018
On January 1, 2018 , CDE corporation has 10,000 ordinary shares outstanding. It issued an additional 3,000 and 2,000 ordinary shares on May 1, 2018
and July 1, 2018, respectively. During 2018. it earned a profit of P72,000 and paid preference dividend of P12,000.
Required:
Compute the basic earnings per share
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
