A company split its common shares 2-for-1 on 30 June of its fiscal year, which ends on
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A company split its common shares 2-for-1 on 30 June of its fiscal year, which ends on 31 December. Before the split, 4,000 common shares were outstanding. How many weighted-average ordinary shares should be used in computing EPS? How many shares should be used in computing a comparative EPS amount for the preceding year?
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1 Computing EPS for the current year The stock split occurred on 30 June of the fiscal year Therefor...View the full answer
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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