Question
Gaslight Ltd has earnings after tax of $1 260 000 for the year ended 30 June 2015. At the beginning of the period Gaslight had
Gaslight Ltd has earnings after tax of $1 260 000 for the year ended 30 June 2015. At the beginning of the period Gaslight had 570 000 fully paid-up ordinary shares on issue. On 30 December 2014 the company made a one-for-two bonus issue. The last sale price of the shares immediately prior to the bonus issue was $4.50 each. What are the earnings per share taking into account the bonus issue?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
