[namatama]

I have passed F7 with 56 after a second attempt though i was so sure it was gonna be fail.Big ups for opentuition, you are really doing a great Job! Maymy Good LORD ADD MORE DAYS TO YOUR LIVES!

[namatama]

ok thanx a million

[namatama]

Yes i have got it .Thanx.is the bonus fraction different from the rights fraction?

Regards.

[namatama]

Yes and Thanx a lot.

question no2.

Larisa had earnings of $600,000 for the year ended 28 February 2009 and 2000,000 $1 equity share capital at 1 march ,2008. On 31 August , Larisa issued 3,000,000 new shares at full market price and on 1 November 2008, Larisa made a bonus issue of 2 new shares for every 7 last year’s EPS was disclosed as 16 c
calculate the basic EPS for Larisa for the year ended 28 February ,2009 and restate the comparative EPS

solution.
DATE NUMBER PERIOD FRACTION WANES
01.03.08 2,000,000 6/12 9/7 1,285,714
31.08.08 5,000,000 2/12 9/7 1,071,428
1.11.08 6,428,571 4/12 2,142,857

In this table, where do the figures 9/7 come from. for that fraction in my calculations i got 1/1.please help and give me further information on the fraction.
Regards

[namatama]

Yes.course notes for june 2014 exams.
Thanks.

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