B has four million ordinary shares in issue at 1 January 20X1. On 30 September the...
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B has four million ordinary shares in issue at 1 January 20X1. On 30 September the entity made a bonus issue of 1 for 4. Earnings for the year ended 31 December 20X1 were 500,000. The EPS for 20X0 was 9 cents per share. Calculate EPS B has four million ordinary shares in issue at 1 January 20X1. On 30 September the entity made a bonus issue of 1 for 4. Earnings for the year ended 31 December 20X1 were 500,000. The EPS for 20X0 was 9 cents per share. Calculate EPS
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First we calculate the new number of shares after the bonus issue 1 for 4 bonus issue means that fo... View the full answer
Related Book For
Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
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