Alpha pic had an issued share capital of 2,000,000 ordinary shares at I January 20X1. The nominal
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Alpha pic had an issued share capital of 2,000,000 ordinary shares at I January 20X1. The nominal value was 25p and the market value £1 per share. On 30 September 20X1 the company made a rights issue of I for 4 at a price of 80p per share. The post-tax earnings were £4.5m and £5m for 20X0 and 20XI respectively.
Required:
(a) Calculate the basic earnings per share.
(b) Restate the basic earnings per share for 20X0.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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