Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the company has 50,000 authorized shares and 10,00

The company has 50,000 authorized shares and 10,000 issued & outstanding shares with P 100...

80.2K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Bob is playing a basketball game at an arcade He needs to make as many...

Statistics
1.2K views

Describes at least 5 differences between the interpretation of results from an efficacy study and an...

Electrical Engineering
1.2K views

create verilog source files for a seven segment display using the software vivado. show your steps.

Electrical Engineering
1.2K views

Derive from the first principles an expression for the reflection coefficient in term of surge impedance of...

Physics
1.2K views

The resistance of platinum wire at 0 C is 22 05 and at 100 C...

Geometry
1.2K views

5 Write the equation of the graph below in polar Polar form

Accounting
1.2K views

I need accurate ansswer plz..4.

Accounting
1.2K views

.Which statutory deductions apply to taxable allowances?

Accounting
1.2K views

Los auditores independientes expresan una opinin sobre: Seleccione uno: A. Precisin del...

Accounting
1.2K views

The audiology department at Randall Clinic offers many services to the clinic's patients. The three...

Accounting
1.2K views

You are conducting the audit of Superior Company as of December 31, 2014. The following...

Accounting
1.2K views

Computers speed up the accounting process. Agree or disagree. Explain.