Question
In 2020, ABC Ltd reported a net income of R1,000,000. On 1 January 2020, there were 1,000,000 shares outstanding. On 1 July 2020, ABC Ltd
- In 2020, ABC Ltd reported a net income of R1,000,000. On 1 January 2020, there
were 1,000,000 shares outstanding. On 1 July 2020, ABC Ltd issued 100,000 new
shares for R20 per share. ABC Ltd paid R200,000 in dividends to common shareholders. What is ABC s basic earnings per share for 2020?
- R0.95
- R0.73
- R0.65
- R0.85
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th International Edition
1118957733, 978-1118957738
