Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 1 , 2 0 2 2 , the number of shares of Manama International Company was 1 , 7 0 0 , 0

On January 1,2022, the number of shares of Manama International Company was 1,700,000 ordinary shares with a nominal value of one dinar per share. The company also had 600,000 preferred shares with a nominal value of 1,200,000 dinars, giving God profits, and during the year 2022 the following took place.
the date
2022/2/1
2022/4/1
2022/6/1
2022/9/1
2022/11/1
Processes
The company increased its capital by issuing 300,000 shares, which were sold at a price of 15 dinars per share.
The company purchased 350,000 shares of ASIMHA (sad shares)
The company distributed one bonus share for every ordinary share
The company did a stock split of 13
The company sells 300,000 SEM of treasury shares
The company's profit from continuing operations amounted to 500,000 dinars
Required: Apply concepts related to International Accounting Standard No.14533 to determine the average reference number of common shares during the year
2022 and earnings per common share at the end of 2022
5
Student grade
5/

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

Musings On Internal Quality Audits Having A Greater Impact

Authors: Duke Okes

1st Edition

1636941486, 978-1636941486

More Books

Students also viewed these Accounting questions