C Ltd is an Australian listed company. Ten million options were issued by the company on 15

Question:

C Ltd is an Australian listed company.

Ten million options were issued by the company on 15 September 2022. These exercisable by the holder at $2.50 per option on or before 22 November 2025.

One million options were also issued by the company on 15 March 2023. These are exercisable by the holder at $2 per option on or before 11 May 2027.

REQUIRED

Calculate the basic earnings per share and diluted earnings per share for C Ltd for the year ending 30 June

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 16, 2023 02:25 PM

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C Ltd is an Australian listed company. Ten million options were issued by the company on 15

Question:

Results for the year are as follows: 6 months ended 31/12/22 12 months ended 30/6/23 $17 500 000 $5 500 000 Profit $7 035 800 Income tax expense $1 756 000 Year-end price of the shares is $2.40. Shares Number of fully paid ordinary shares At 1/7/22 At 30/6/23 5 000 000 5 000 000

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Diluted EPS Options As the options had not been on issue for the entire year we must weight them for ...View the full answer

Financial Accounting

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