Question
The company has 50,000 authorized shares and 10,000 issued & outstanding shares with P 100 par value. The current years net income is P 50,000.
The company has 50,000 authorized shares and 10,000 issued & outstanding shares with P 100 par value. The current years net income is P 50,000. What would be the basic earnings per share for the current year?
Group of answer choices
a. P 1.50
b. P 1.00
c. P 5.00
d. P 2.50
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
