Question
A company had 10,000 ordinary shares in issue during 20X1. On 1 April 20X2, 12,000 shares were issued at market value of 5 per share.
| A company had 10,000 ordinary shares in issue during 20X1. On 1 April 20X2, 12,000 shares were issued at market value of 5 per share. On 1 June 20X2, there was a share split whereby every 2 shares became 5 shares. The basic earnings were 150,000 in 20X1 and 261,250 in 20X2.
Required:
Calculate the basic earnings per share for the years ended 31 December 20X1 and 20X2. |
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
