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What is the basic loss per share

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Reference no: EM132829317

Question - Vanessa Company had the following transactions during the year:

January 1 Outstanding shares 300,000

May 1 New shares issued 60,000

July 1 Treasury shares acquired 24,000

December 1 Treasury shares resold 12,000

If the entity issued only ordinary shares, and it has a net income of P2,500,000, what is the basic loss per share?

Reference no: EM132829317

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