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On 1 January 20X1 Saunders Co had 2,000,000 ordinary shares in issue.
On 30 April 20X1 the company issued at full market price, 270,000 ordinary shares.
On 31 July 20X1 the company made a rights issue of 1 for 10 at a rights price of $2.00. The fair value of the shares on the last day before the issue of shares from the rights issue was $3.10.
Finally, on 30 September 20X1 the company made a 1 for 20 bonus issue.
Profit for the year was $400,000.
The reported EPS for year ended 31 December 20X0 was 18.6c.Required
Calculate the EPS for year ended 31 December 20X1 and the restated EPS for year ended 31 December 20X0.Hi,
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