Question
DATE Ordinary shares issued/purchased Details January 1 250,000 Issued at $5 per share - $1 paid to date: entitled to participate in dividends to the
DATE | Ordinary shares issued/purchased | Details |
January 1 | 250,000 | Issued at $5 per share - $1 paid to date: entitled to participate in dividends to the extent paid up |
April 1 | 600,000 | Full market price $3 per share issue |
July 1 | (400,000) | Purchase of own shares at $3.5 per share |
Required
Calculate basic earnings per share.
Entity A has a profit after tax of $15 million for the year ended December 31, 20X2. These appropriations of profit have not been included in this amount: Sm 1. Arrears of cumulative preference dividend for 2 years ended December 31,20X2 4 2. Ordinary dividends 5 3. Preference share premium payable on redemption-appropriation of profit 1 4. Exceptional profit (net of tax) 4 These share transactions occurred during the year ended December 31, 20X2. The entity had 3 million ordinary shares of $1 outstanding at January 1, 20X2:
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Calculation of Profit Attributable to ordinary shareholders Pa...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
