For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000. The

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For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000.

The company has in issue 12,000,000 ordinary shares, each with a par value of $0.80.

The entity also has in issue the following instruments:

$3,100,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held
$6,400,000 9% convertible bond that can be converted to 120 ordinary shares for every $500 held

The entity's tax rate is 25%.

Calculate the BEPS for the year ended June 30, 2023 and the DEPS for the year ended June 30, 2023, showing all relevant workings.

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Aug 01, 2023 01:02 AM

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For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000. The

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To calculate the Basic Earnings Per Share BEPS and Diluted Earnings Per Share DEPS for the year ended June 30 2023 we need to consider the weighted av... View the full answer

Intermediate Accounting IFRS

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