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What basic earnings per share is presented in abc statement

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Question - ABC has the following share capital outstanding during 2021 and 2022:

Preference shares, P100 par, 10% cumulative - 2,000,000

Ordinary shares, P50 par - 5,000,000

ABC reported profit of P4,000,000 for the year ended December 31, 2022. ABC paid no preferred dividends during 2021 and paid P200,000 in preferred dividends during 2022. What basic earnings per share is presented in ABC's December 31, 2022 statement of profit or loss?

Reference no: EM133153923

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