M-Halon Corp. is a public company that trades on the TSX. It adopts IFRS for financial reporting and has a 31 December year-end.
The capital structure of M-Halon Corp. included the following for 20X9 and 20X8:

Common shares were split in a 3-for-1 stock split on 31 October 20X9.
M-Halon Corp. reported earnings for 20X9 and 20X8 as follows:

Required:
1. Calculate 20X9 basic EPS that must be disclosed on the face of the SCI.
2. Calculate 20X8 basic EPS that would appear on the face of the 20X9 comparative statements.
3. Would the 20X8 basic EPS on the 20X8 financial statements be different from the figure you calculated in requirement 2 above? Explain why or why not.
4. If M-Halon Corp. issued common shares in February 20X10 after the 20X9 yearend but before the financials were issued, what would be the implication(s), if any, on EPS reporting?

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Operating bank loan Bonds payable, 9% Bonds payable, 9.5%, each $1,000 bond converts in 20 common shares Notes payable, 8% Common shares, no-par, authorized unlimited shares; issued and outstanding on 1 January 20X8, 55,000 shares. Retired for cash, on 1 October 20X8, 10,000 shares. Class A Preferred shares, $2.50, noncumulative, nonparticipating: shares issued and outstanding, 50,000 shares Class B Preferred shares, $0.65, cumulative, nonparticipating; shares issued and outstanding, 100,000 shares, issued 1 January 20X9 Retained earnings 20X9 $200,000 $1,000,000 $1,500,000 $450,000 $1,430,000 $500,000 $4,000,000 $1,527,000 20X8 $200,000 $1,000,000 $1,500,000 $1,430,000 $500,00 $935,000