Question 3 The following details have been extracted from the accounts of Togg Limited for the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 3 The following details have been extracted from the accounts of Togg Limited for the year ended 31 December Year 2. $'000 Profit before taxation 5,245 Taxation (2,280) Profit after taxation 2,965 Preference dividend paid (100) Ordinary dividend paid (1,600) 1,265 Paid up capital has been as follows: 31 December Year 1 1 January Year 2 Ordinary shares - 2 million of 25 cents each 10% Preference shares - 1 million of $1 each Bonus issue of 1 ordinary share for every 2 ordinary shares held 1 October Year 2 Rights issue made to ordinary shares. Terms are one for four already held at a price of 40 cents. The market price just before the rights issue was 50 cents. The issue was fully taken up. 1 December Year 2 Issue 400,000 ordinary shares at 40 cents each Required: Calculate the basic earnings per share for the year ended 31 December Year 2. Question 3 The following details have been extracted from the accounts of Togg Limited for the year ended 31 December Year 2. $'000 Profit before taxation 5,245 Taxation (2,280) Profit after taxation 2,965 Preference dividend paid (100) Ordinary dividend paid (1,600) 1,265 Paid up capital has been as follows: 31 December Year 1 1 January Year 2 Ordinary shares - 2 million of 25 cents each 10% Preference shares - 1 million of $1 each Bonus issue of 1 ordinary share for every 2 ordinary shares held 1 October Year 2 Rights issue made to ordinary shares. Terms are one for four already held at a price of 40 cents. The market price just before the rights issue was 50 cents. The issue was fully taken up. 1 December Year 2 Issue 400,000 ordinary shares at 40 cents each Required: Calculate the basic earnings per share for the year ended 31 December Year 2.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The following figures have been extracted from the accounting records of Lavalamp on 30 September 20X3: (i) Lavalamp has spent $6 million (included in the cost of sales) during the year developing...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
Record the following transactions in Journal. Post them into ledger and prepare a Trial Balance. Jan 1; Jan 2; Jan 10 Jan 15 Jan 20 Jan 28 Jan 31 Started business with cash Rs. 80,000 Bought...
-
BBB Companys balance sheet and income statement follow: Required a. Prepare a statement of cash flows for the year ended December 31, 2009. (Present the cash flows from operations using the indirect...
-
In Example 13.5, we constructed a 95% confidence interval for the slope 1 in the model to predict the number of calories from the number of grams of fat. The 95% confidence interval is 4.8182 y|20 be...
-
A Presented below are the financial statements of Warner Company. Additional data: 1. Depreciation expense was $17,500. 2. Dividends declared and paid were $20,000. 3. During the year equipment was...
-
You hold a portfolio with the following securities: Security Percent of portfolio Return Stock A 54% 14.4% Stock B 11% 12.6% Stock C ? ...
-
Green Furniture (GF) manufactures a variety of furniture for household use and just two items for office use: desks and cabinets. The production process for desks and cabinets is similar, although...
-
Break into two or three groups to research the use of affinity cards. First, develop a list of affinity cards and their sponsors. Does your university sponsor a card? Next, each group should choose a...
-
Read your parents' life insurance policy, or that of a friend or relative, cover to cover. Prepare a one-page report of key policy features including beneficiary designation, policy clauses,...
-
Interview a friend employed in your career field or interview a benefits representative from a company agency in your career field. Discuss the benefits that you might expect to receive as an...
-
The draft accounts for the year ended 30 June 2019 and a balance sheet as at that date for S. Steiner are submitted to you. Towards the end of the financial year her accountant resigned and she...
-
As a part of a group project, interview a representative from a nursing home, extended care facility, or other assisted living facility and discuss the costs and payment methods used. Are residents...
-
Why is a detailed knowledge of consumer purchases at each store important to Wal-Marts success? Walmart is a well-known leader in the application of network technology to coordinate its supply chain....
Study smarter with the SolutionInn App