Question
Plumstead had 4 million equity shares in issue throughout the year ended 31 March 20X7. On 30 September 20X7 it made a 1 for 4
Plumstead had 4 million equity shares in issue throughout the year ended 31 March 20X7. On 30 September 20X7 it made a 1 for 4 bonus issue. Profit after tax for the year ended 31 March 20X8 was $3.6 million, out of which an equity dividend of 20c per share was paid. The financial statements for the year ended 31 March 20X7 showed EPS of 70c. What is the EPS for the year ended 31 March 20X8 and the restated EPS for the year ended 31 March 20X7 respectively?
a. 52c 56c
b. 72c 87.5c
c. 80c 87.5c
d. 72c 56c
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
