Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For the year to June 30, 2021, Brisket Ltd made profits before the deduction of taxes amounting to $10,500,000. The company has in issue 8,000,000
For the year to June 30, 2021, Brisket Ltd made profits before the deduction of taxes amounting to $10,500,000. The company has in issue 8,000,000 ordinary shares, each with a par value of $0.75, and 5,000,000 6% preference shares, each with a par value of $1.10. The entity also has in issue the following instruments: $7,300,000 8% convertible bond that can be converted to 80 ordinary shares for every $250 held $9,400,000 15% convertible bond that can be converted to 70 ordinary shares for every $700 held $5,200,000 4% convertible bond that can be converted to 100 ordinary shares for every $500 held O The entity's tax rate is 30%. REQUIRED: o Calculate the BEPS for the year ended June 30, 2021 o Calculate the DEPS for the year ended June 30, 2021 showing all relevant workings
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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