DATE	Ordinary shares issued/purchased	Details
January 1	250,000	Issued at $5 per share - $1 paid to date:                entitled to participate in dividends to the extent paid up
April 1	600,000	Full market price $3 per share issue
July 1	(400,000)	Purchase of own shares at $3.5 per share

Required 

Calculate basic earnings per share. 

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Entity A has a profit after tax of $15 million for the year ended December 31, 20X2. These appropriations of profit have not been included in this amount: Sm 1. Arrears of cumulative preference dividend for 2 years ended December 31,20X2 4 2. Ordinary dividends 5 3. Preference share premium payable on redemption-appropriation of profit 1 4. Exceptional profit (net of tax) 4 These share transactions occurred during the year ended December 31, 20X2. The entity had 3 million ordinary shares of $1 outstanding at January 1, 20X2: Entity A has a profit after tax of $15 million for the year ended December 31, 20X2. These appropriations of profit have not been included in this amount: Sm 1. Arrears of cumulative preference dividend for 2 years ended December 31,20X2 4 2. Ordinary dividends 5 3. Preference share premium payable on redemption-appropriation of profit 1 4. Exceptional profit (net of tax) 4 These share transactions occurred during the year ended December 31, 20X2. The entity had 3 million ordinary shares of $1 outstanding at January 1, 20X2:

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Calculation of Profit Attributable to ordinary shareholders Pa... View the full answer