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Question (10 marks) For the year ending 30 June 2019, Triabal Group Ltd reports net profit after tax At the beginning of the year, Triabal
Question (10 marks) For the year ending 30 June 2019, Triabal Group Ltd reports net profit after tax At the beginning of the year, Triabal Group Ltd had 800 000 fully paid ordinary shares. It also had 100 000 $1.00, 10 per cent, cumulative preference shares outstanding. The preference shares were classified as equity. On 1 September 2018 the company issued another 200 000 fully paid ordinary shares by way of a rights issue. The right provided an additional share for each four held, and required the payment of $1.50. The last cum rights share price was $2. The basic EPS for the year ended 30 June 2018 was $1.95. Required Compute the basic EPS amount for 2019, and provide the adjusted comparative EPS for 2018. tec mentis
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