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Determine the earning per share of ABC

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Reference no: EM133183864

Question - The following are the capital stock transactions of ABC during 2012:

Common stock shares outstanding, January 1, 2012 100,000

Additional shares Issued March 31, 2012 at P5 higher than par 75,000

On Oct. 1, 2002 acquired at P10 above par as treasury stock 50,000

The Income reported for the year is P634,190 before Income tax of 32%

Required - Determine the earning per share of ABC?

Reference no: EM133183864

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