Question
On 1 April 2021, Harry Co has $2.5 million of equity share capital (shares of 50 cents each) in issue. No new shares were issued
On 1 April 2021, Harry Co has $2.5 million of equity share capital (shares of 50 cents each) in issue.
No new shares were issued during the year ended 31 March 2022 but on that date there were outstanding share options which had a dilutive effect equivalent to issuing 1.2 million shares for no consideration. Harry Co’s profit after tax for the year ended 31 March 2022 was $1,550,000.
In accordance with IAS33 EPS, what is Harry’s diluted earning per share for the year ended 31 March 22.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
