Question
Andy Ltd has 500,000 ordinary shares on issue at 1 July 2019, which is the beginning of its reporting period. On 1 March 2020, it
Andy Ltd has 500,000 ordinary shares on issue at 1 July 2019, which is the beginning of its reporting period. On 1 March 2020, it issued a further 350,000 ordinary shares for cash. Required: What is the weighted average number of shares for use in the earnings per share calculation for the year ended 30 June 2020? Provide workings.
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
