On 1 July 2020 Farfalle plc had 5 million 1 ordinary shares in issue. On 1 September

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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

(ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Jul 26, 2022 12:16 AM

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On 1 July 2020 Farfalle plc had 5 million 1 ordinary shares in issue. On 1 September

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i Earnings for year ended 30 June 2021 Profit after tax Dividend Earnings fo... View the full answer

Fundamental Accounting Principles

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