X Ltd has earnings for the year ending 30 June 2023 of $410 million. Outstanding ordinary shares

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X Ltd has earnings for the year ending 30 June 2023 of $410 million. Outstanding ordinary shares as at 1

July 2022 were 100 million fully paid ordinary shares.

During the year the company issued 15 million partly paid shares. The information relating to the issue is shown below:

REQUIRED

Calculate the basic earnings per share for the year ending 30 June 2023.

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 16, 2023 02:18 PM

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X Ltd has earnings for the year ending 30 June 2023 of $410 million. Outstanding ordinary shares

Question:

Issue price $2.00 Paid $0.50 Closing date 31 May 2023

Step by Step Answer:

Fully paid ordinary shares 365365 x 100 000 000 30365 050200 x 15 000 000 1 ...View the full answer

Financial Accounting

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