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In the financial year to June 30, 2021, HiFi Ltd issued options for 400,000 shares. During that period, the average fair value of one ordinary

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In the financial year to June 30, 2021, HiFi Ltd issued options for 400,000 shares. During that period, the average fair value of one ordinary share was $32 while the exercise price for the shares under option was $26. The company commenced the financial year with 940,000 ordinary shares in issue, while profit for the year amounted to $921.000. REQUIRED Calculate BEPS and DEPS for the year. Recommended time: 10 mins

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