Question
Elfyd Plc had 1,000,000 50p shares in issue on 1 January 2016. On 1 April 2016, Elfyd issued 500,000 shares at their market value of
Elfyd Plc had 1,000,000 50p shares in issue on 1 January 2016. On 1 April 2016,
Elfyd issued 500,000 shares at their market value of 1.50 each. On 1 August 2016 Elfyd made a bonus issue of 1 share for every 5 in issue.
Calculate the weighted average number of shares to use in Elfyds Basic Earnings Per Share calculation for the year ended 31 December 2016?
A 3,750,000
B 3,812,500
C 2,187,500
D 6,625,000
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CA FOUNDATION FINANCIAL ACCOUNTING BY NSHAH MODULE I
Authors: Sanjay Nanak Chand Thadhani
1st Edition
172887419X, 978-1728874197
