FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At 1 January 20X9, company X had in issue 10 million ordinary shares. On 30 April 20X9, company X made a 2 for 5 rights

At 1 January 20X9, company X had in issue 10 million ordinary shares. On 30 April 20X9, company X made a 2 for 5 rights issue at 1.20 per share. At that date the share price (before the issue was announced) was 1.60 per share. The earnings of the company were 3m for 20X9.
Calculate the basic EPS for 20X9.

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

Rehabilitation Tax Credit IRS Audit Techniques Guide

Rehabilitation Tax Credit IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304114686, 978-1304114686

More Books

Students also viewed these Accounting questions

Question

★★★★★
The following information is available for Patel Corporation for the year ended December 31, 2010: Sales $800,000; Other revenues and gains $92,000; Operating expenses $110,000; Cost of goods sold...

Answered: 1 week ago

Question

★★★★★
For the following exercises, find all exact solutions on [0, 2). sec(x)sin(x) 2sin(x) = 0

Answered: 1 week ago

Question

★★★★★
6.86 Refer to Exercises 6.84 and 6.85. Suppose that the probabilities of timely completion are as in Exercise 6.84 for Maria, Alex, and Juan, but that Jacob has a probability of completing on time of...

Answered: 1 week ago

Question

★★★★★
Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasing, payroll, accounts payable, and cash disbursements) of a manufacturing enterprise. For each of...

Answered: 1 week ago

Question

★★★★★
At 1 January 20X9, company X had in issue 10 million ordinary shares. On 30 April 20X9, company X made a 2 for 5 rights issue at 1.20 per share. At that date the share price (before the issue was...

Answered: 1 week ago

Question

★★★★★
1 Elliot is having trouble listening effectively in his political science class. The professor has been presenting information quickly while simultaneously flipping through an abundance of PowerPoint...

Answered: 1 week ago

Question

★★★★★
Activity 2-5: Clamping and Bending System A fabrication shop is planning to purchase a used pneumatic clamping and bending machine to help streamline pro- duction. Before the fabrication shop can...

Answered: 1 week ago

Question

★★★★★
Problem 9 Recall that in problem 6 Tanner takes two classes: economics from Prof. Olimov and survival skills from Prof. Pear Grylls. Tanner wants to get the best possible grades in these two classes....

Answered: 1 week ago

Question

★★★★★
Blue book Citation Format ses.ucf.edu/courses/139681 1/assignments/7429060 TAKE SOME TIME TO PRACTICE PUTTING THE FOLLOWING INTO BLUEBOOK CITATION FORMAT: 1. Batman versus Superman is a United States...

Answered: 1 week ago

Question

★★★★★
The slope of Chad's indifference curvexc=Axp (A is any constant) at point(xp,xc)isA(xp)2 . What is Chad's marginal rate of substitution at consumption bundle(xp,xc)=(15,7)? Group of answer choices...

Answered: 1 week ago

Question

★★★★★
Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee. The company has...

Answered: 1 week ago

Question

★★★★★
(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. The Glass House, a glass and china store, sells nearly half its merchandise on credit. During the past 4 years, the following data...

Answered: 1 week ago

Question

★★★★★
(Appendices) PURCHASES, TRANSPORTATION-IN, AND PURCHASE RETURNS. Alpharack Company sells a line of tennis equipment to retailers. Alpharack uses periodic inventory accounting. Alpharack engaged in...

Answered: 1 week ago

Question

★★★★★
(Appendices) Economics Select a country with an economic system that is considered communist or socialist. Conduct online research about quality of life, life expectancy rates, tax rates, income and...

Answered: 1 week ago

Previous Question Next Question