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What amount should be reported as basic earnings per share

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Reference no: EM133158007

Question - On January 1, 2021, the company had ordinary share capital outstanding of 100 par value, 200,000 share or a total par value of P 20,000,000.

On July 1, 2021, a bonus issue was made in the ratio of the additional ordinary shares for each original share. The net income for the current year was 12,000,000.

What amount should be reported as basic earnings per share?

Reference no: EM133158007

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