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Color Unite Company reported the following on December 31, 2020: 8% cumulative preference share capital, P50 par value 4,500,000 Ordinary share capital, P1 par, 10,000,000 shares 10,000,000 Share Premium 20,000,000 Retained earnings, January 1, 2020 132,000,000 Net Income for 2020 35,000,000 The net income included an expropriation loss of P8,000,000. What amount should be reported as basic earnings per share? A. 3.46 B. 4.04 C. 4.63 D. 3.67

Color Unite Company reported the following on December 31, 2020: 8% cumulative preference share capital, P50 par value 4,500,000 Ordinary share capital, P1 par, 10,000,000 shares 10,000,000 Share Premium 20,000,000 Retained earnings, January 1, 2020 132,000,000 Net Income for 2020 35,000,000 The net income included an expropriation loss of P8,000,000. What amount should be reported as basic earnings per share? A. 3.46 B. 4.04 C. 4.63 D. 3.67

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Color Unite Company reported the following on December 31, 2020:
8% cumulative preference share capital, P50 par value 4,500,000
Ordinary share capital, P1 par, 10,000,000 shares 10,000,000
Share Premium 20,000,000
Retained earnings, January 1, 2020 132,000,000
Net Income for 2020 35,000,000

The net income included an expropriation loss of P8,000,000. What amount should be reported as basic earnings per share?
A. 3.46
B. 4.04
C. 4.63
D. 3.67

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