An entity announces a share split to occur in the current reporting period. There is no consideration

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An entity announces a share split to occur in the current reporting period. There is no consideration payable by existing shareholders and therefore no corresponding increase in the entity’s resources.

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Should the entity recognise the additional shares in the weighted average number of shares used in calculating basic earnings per share? Explain.

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Financial Reporting

ISBN: 9780730396413

4th Edition

Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes

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Question Posted: Apr 08, 2024 09:00 AM

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An entity announces a share split to occur in the current reporting period. There is no consideration

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The share split involves no consideration and has no ...View the full answer

Financial Reporting

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