Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me to solve and expain how BP22303-MFRS133-Earnings Per Share Sulaiman 11-2019 Question 3 (Basic EPS, Reinstated Basic EPS) On the 1 January 2019, Randini

help me to solve and expain how

image text in transcribed
BP22303-MFRS133-Earnings Per Share Sulaiman 11-2019 Question 3 (Basic EPS, Reinstated Basic EPS) On the 1 January 2019, Randini Bhd (RB) owns 1,000,000 units of ordinary share at par value RM1.00, and at market value RM2.00 each. The reported net profit for RB at the year end of 31 December 2019 amounting RM250,000. The following events which took place during the year 2019 were gathered from the records of RB: 1. The RB's earnings per share (EPS) in 2018 was RM0.24 per share. 2. On 1 July 2019, RB declared to offer right issues at 1 share for every 4 shares held by the existing shareholders at market price RM1.00 each. All the shareholders taken up the offer. 3. The Price /Earnings Ratio (P/E) of the industry in 2019 is 13.33

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull

9th Edition

0538469315, 9780538469319

More Books

Students also viewed these Accounting questions