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 Elfyd’s Basic Earnings Per Share calculation for the year ended 31 December 2016?
Step by Step Solution
3.44 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
Okay lets break this down stepbystep On 1 January 2016 Elfyd had 1000000 shares in issue at 50p ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Financial Reporting a practical guide
Authors: Alan Melville
8th Edition
1292439424, 978-1292439426
