- This topic has 1 reply, 2 voices, and was last updated 8 months ago by
P2-D2.
P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Nikitagarwal
- Topics: 154
- Replies: 146
- ☆☆☆
An entity had 1 million shares in issue on 1 January 20X1. They issued
200,000 shares at market value on 1 April 20X1, followed by a 1 for 5
bonus issue on 1 August 20X1, with a further 300,000 issued at market
value on 1 October 20X1.
If profit for the year ending 31 December 20X1 is $220,000, what is
the basic earnings per share?My calculation :
Bf- 1,000,000
1st April – 150,000
Bonus – 240,000
1st Oct – 11- 75,000
TOTAL = 1,465,000
As per book = 1,455,000Please help me understand the mistake here?
P2-D2
- Topics: 4
- Replies: 6115
- ☆☆☆☆☆
They have issued 200,000 shares at 1 April and not the 150,000 that you are showing. Try changing this to see if it then works out.
Thanks
Nikitagarwal
P2-D2Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.