Cafeday Ltd had 1 million $1 ordinary shares in issues at 1 April 2021. On 1 Sept the company issued a further 400,000 shares of $1 each ordinary shares at par. Profit before tax for the year ended 31 December 2020 was $130,000 and related income tax charge was $42,000.

Write the formula and calculate the basic earnings per share for the year ended 31 December 2021.

Answer rating: 100% (QA)

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