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Flint AG is preparing the comparative financial statements to be included in the annual report to shareholders. Flint employs a fiscal year ending May 3
Flint AG is preparing the comparative financial statements to be included in the annual report to shareholders. Flint employs a fiscal year ending May
Income before income tax for Flint was and respectively, for fiscal years ended May and Flint experienced a loss from discontinued operations of in March A combined income tax rate pertains to any and all of Flint AG profits, gains, and losses.
Flint's capital structure consists of preference shares and ordinary shares. The company has not issued any convertible securities or warrants, and there are no outstanding share options.
Flint issued shares of par value, cumulative preference shares in All of these shares are outstanding, and no preference dividends are in arrears.
There were shares of par ordinary shares outstanding on June On September Flint sold an additional ordinary shares at per share. Flint distributed a share dividend on the ordinary shares outstanding on December These were the only ordinary share transactions during the past fiscal years.
Determine the weightedaverage ordinary shares that would be used in computing earnings per share on the current comparative income statement for:
Weightedaverage ordinary shares
The year ended May
The year ended May
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