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What is the earnings per share in year

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Problem - Wonderful Company had 250,000 ordinary shares outstanding all throughout 2019. In 2020, share issuances occurred:

On March 31, 20,000 shares were issued for cash.

On October 1, a 109% bonus issue (share dividend) was declared.

On November 2, a 2-for-1 share split was issued.

Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019?

Reference no: EM132713111

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