[albydanny]

Ruth makes up it account to 30 June each year.On July 20×5 Ruth has 500m ordinary shared in issue.Profits for the year to 30/06/20×6 were $250.There were no preference shares in issue.Cal.the basic earnings per share assuming.
@ share capital has not changed during the year.
B.An issue of 50m new shares at full market price on 1 August 20×5
C.A 1 for 4 bonus issue occurring on 1 Nov 20×5
D.A 1 for 5 right issue on 1 Feb 20×6 held at $1.25.The price of a share immediately before the right issue was $1.40

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