Q2. On 1 July 2020 Farfalle plc had 5 million 1 ordinary shares in issue. On...
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Q2. On 1 July 2020 Farfalle plc had 5 million £1 ordinary shares in issue. On 1 September 2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid. (i) Calculate the earnings for year ended 30 June 2021 (1 mark) (ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence (3 marks) Q2. On 1 July 2020 Farfalle plc had 5 million £1 ordinary shares in issue. On 1 September 2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid. (i) Calculate the earnings for year ended 30 June 2021 (1 mark) (ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence (3 marks)
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O As we know that Earnings Brofit after tax 38M 18M ... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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