alleryStart learning →Cumulative preference dividend of Rs 1,60,000 is undeclared; profit Rs 9,60,000; shares 40,000. Basic EPS?
ARs 24
BRs 28
CRs 20
DRs 16
Answer & Solution
Correct answer: C. Rs 20
The undeclared cumulative dividend is still deducted: 9,60,000 minus 1,60,000 = 8,00,000, and 8,00,000 divided by 40,000 is Rs 20.
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