CPALE Practice Questions - CPA Licensure Examination (CPALE) Exam

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A company reports profit attributable to ordinary shareholders of PHP 4,800,000 and has a weighted average of 1,200,000 ordinary shares outstanding. There are no dilutive securities. What is the basic earnings per share?

PHP 3.00 PHP 4.00 PHP 4.80 PHP 5.00

Correct Answer:

PHP 4.00

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