Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) A company's profit after tax for the year to 31st December 2018 was RO 3.8 million. The comparative figure for the year to 31st

1) A company's profit after tax for the year to 31st December 2018 was RO 3.8 million. The comparative figure for the year to 31st December 2017 was RO 3.6 million. The company's issued share capital at 1st January 2016 consisted of 4 million ordinary shares of RO 0.500 each. No shares were issued during the year 2017 but a further 1 million ordinary shares were issued (at full market price) on 1 July 2018. Required: (a) Calculate basic EPS for the year 2017. (b) Calculate basic EPS for the year 2018.

2) The profit after tax of B Company for the year to 31st December 2018 is RO 217,500. The comparative figure for the year 31st December 2017 was RO 188,000. On 1st January 2017. the company's issued share capital consisted of 100.000 ordinary shares of RO I cach. On 1st April 2018, a further 15.000 ordinary shares were issued at full market price. Required. (a) Calculate basic EPS for the year 2017 (b) Calculate basic EPS for the vear 2018.

Please provide all Solution steps to understand more. Please help..

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne Mowen

2nd Edition

0538864451, 978-0538864459

More Books

Students also viewed these Accounting questions