Bonus issue of shares LO3 On 1 January 2019, Regis Ltd has 200 000 ordinary

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Bonus issue of shares   LO3 On 1 January 2019, Regis Ltd has 200 000 ordinary shares outstanding. On 1 March 2019, the company announces a bonus issue of 2 shares for every share held on that date. By the end of the year Regis Ltd’s profit attributable to ordinary shareholders amounts to $900 000 (2018: $600 000). Required Calculate the 2019 and 2018 basic earnings per share amounts that Regis Ltd must disclose in its financial statements for the year ended 31 December 2019.

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