Question
Chad four million ordinary shares in issue and ranking for dividend at 1 January 20X1. On 30 September, a rights issue of 1 for
Chad four million ordinary shares in issue and ranking for dividend at 1 January 20X1. On 30 September, a rights issue of 1 for 4 at 50 cents per share was made. The market price of the shares prior to the issue was 1 per share but after the issue, it was 90 cents. Earnings for the year ended 31 December 20X1 were 500,000. The EPS for 20X0 was 9 cents per share. Calculate the EPS
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
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