Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Greene Co is preparing its financial statements for the year ended 31 December 208 which wal be authorised for issue on 1 March 20X9. Greene

image text in transcribedimage text in transcribed

Greene Co is preparing its financial statements for the year ended 31 December 208 which wal be authorised for issue on 1 March 20X9. Greene Co made a profit of $3.5m for the year. At 1 January 208, Greene Co had 6 million shares in issue. On 1 May 208, Greene Co performed a 2 for 5 rights issue when the market price of a share was $3, resulting in a theoretical ex-rights price of $2.80. On 1 danuary 20X8, Greene Co issued options over 2 million shares. Each option allows the holder to buy a share for $2.25 on 31 December 209. The market price of a share at 31 December 208 is $3. In accordance with IAS 33 Earnings per Share, what is Greene Co's basic earnings per share for the year ended 31 December 208 ? $0.43 per share $0.46 per share $0.42 per share $0,45 per share Greene Co is preparing its financiai statements for the year ended 31 December 208 which will be authorised for issue on 1 March 20X9. Greene Co made a profit of $3.5m for the year. At 1 January 208, Greene Co had 6 million shares in issue. On 1 May 20X8, Greene Co performed a 2 for 5 rights issue when the market price of a share was $3, resulting in a theoretical ex-rights price of $2.80. On 1 January 208, Greene Co issued options over 2 million shares, Each option allows the holder to buy a share for $2.25 on 31 December 209. The market price of a share at 31 December 208 is $3. In accordance with IAS 33 Earnings per Share, what is Greene Co's basic earnings per share for the year ended 31 December 208 ? $0.43 per share $0.46 per share $0,42 per share $0.45 per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions