Canterbury plc has the following net income for its two most recent accounting periods: On 1 November

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Canterbury plc has the following net income for its two most recent accounting periods:

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On 1 November 2008, the company’s issued share capital consisted of 500,000 ordinary shares. On 1 August 2009, the company made a 1 for 10 bonus issue.

(a) Calculate EPS for the year ended 31 October 2009.

(b) Calculate restated basic EPS for the year ended 31 October 2008 and explain why this restatement is necessary.

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Advanced Financial Accounting An International Approach

ISBN: 9780273712749

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Authors: Jagdish Kothari, Elisabetta Barone

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Canterbury plc has the following net income for its two most recent accounting periods: On 1 November

Question:

Year ended 31 October 2008 Year ended 31 October 2009 000 660 682

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To calculate the basic Earnings Per Share EPS you divide the net income available to common shareholders by the weighted average number of common shar...View the full answer

Advanced Financial Accounting An International Approach

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