Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tk. Earings 16,400.000 6.400.000) 10,000,000 Profit from continuing operations Less: Dividends on preference shares Profit from continuing operations attributable to ordinary equity holders Loss from

image text in transcribed

Tk. Earings 16,400.000 6.400.000) 10,000,000 Profit from continuing operations Less: Dividends on preference shares Profit from continuing operations attributable to ordinary equity holders Loss from discontinued operations Profit attributable to ordinary equity holders Weighted average number of share outstanding 4.000.000) 6.000.000 2.000.000 shares Tk.75.00 Average market price of one ordinary share during year Potential ordinary shares Options 1,00,000 with exercise price of TK.60 Convertible 8,00,000 shares with a par value of Tk. 100 entitled to a cumulative preference shares dividend of Tk.8 per share. Each preference share is convertible to two ordinary shares. 5% Convertible Nominal amount Tk. 1,00,000,000. Each Tk. 1000 bond is convertible to bonds 20 ordinary shares. There is no amortization of premium or discount affecting the determination of interest expense. Tax rate 40% Requirements: Compute basic earnings per share. Compute diluted earnings per share. [2+8=10]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Accounting questions

Question

Define belongingness, competence, and autonomy.

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

Define span of management or define span of control ?

Answered: 1 week ago

Question

What is meant by formal organisation ?

Answered: 1 week ago

Question

What is meant by staff authority ?

Answered: 1 week ago