B. C. A. Oper SECTION A Answer ALL questions from this section, in the booklet provided. Ann The following information relates to MBCC PLC, for year ended 2015 December 31: ef hary dividend or sk 150 anthr Turnover consplain the signin Operating costs Trading profit Net interest payable Exceptional charges. Tax on ordinary activities Profit after tax $ 700 000 476 000 224 000 2 000 222 000 77 000 1400 Elde. 66 000 79 000 ACCT360 MBCC PLC had 100 000 ordinary shares of $1 each in issue throughout the year. Also in issue were warrants entitling holders to subscribe to a total of 50 000 shares in the company. Warrants may be exercised after 2015 December 31, at a price of $1.10 per share. The average fair value of shares was $1.28. The company had paid an ordinary dividend of $15 000 and a preference dividend of $9 000. Explain the significance of: i basic earnings per share ii. diluted earnings per share iii. potential ordinary shares iv. What are TWO (2) limitations of EPS as a performance measure? Calculate the basic EPS for MBCC PLC for year ended 2015 December 31, in accordance with IAS 33. Compute the diluted EPS figure, to be disclosed in the statutory accounts of MBCC PLC, in respect of year ended 2015 December 31. 3 (10 ma (3 m (7