Elfyd Plc had 1,000,000 50p shares in issue on 1 January 2016. On 1 April 2016, Elfyd

Fantastic news! We've Found the answer you've been seeking!

Question:

Elfyd Plc had £1,000,000 50p shares in issue on 1 January 2016. On 1 April 2016,

Elfyd issued 500,000 shares at their market value of £1.50 each. On 1 August 2016 Elfyd made a bonus issue of 1 share for every 5 in issue.

Calculate the weighted average number of shares to use in Elfyd’s Basic Earnings Per Share calculation for the year ended 31 December 2016?

Related Book For answer-question

International Financial Reporting a practical guide

ISBN: 9781292439426

8th Edition

Authors: Alan Melville

See More Books

Posted Date: Feb 15, 2024 03:15 AM

See More Questions

Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
The summarized statements for the year ended 31 December 2007 for Mat, Rug and P entities are as follows: Statements of comprehensive income for the year ended 31 December 2007 The following...
North American Badgers (Taxidea taxus) occur throughout the western United States and Great Plains of North America, with the geographic range extending east to central Ohio (Messick, 1987; Whitaker...
1. Seventeen thousand dollars is deposited into a savings account at 5% interest compounded semiannually and $1500 is deposited at the end of each half year. How much money will be in the account...
Albatross Airlines fixed operating costs are $5.8 million, and its variable cost ratio is 0.20. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Albatross has...
A proton moves at $6.67 \times 10^{5} \mathrm{~m} / \mathrm{s}$ undeflected in the $+x$ direction through a velocity selector, a device containing crossed electric and magnetic fields. You...
Suppose a firm is equally likely to earn $2 million this year or lose $3 million. The firm faces a tax rate of 40% on each dollar of taxable income, and the firm pays no taxes on losses. In this...
Question 11pts The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed...
The basic expense recognition criteria states that expenses should be recognized when: cash is paid there is a decrease in an asset or increase in a liability, excluding transactions with owners...
Extrude-rite Corporation, a manufacturer of industrial machinery and components for the plastics industry, has recently had several product quality problems. These have occurred both before and after...
Multiply and simplify: 16x y. 16xy Assume all variables to represent positive values. Add Work Calculator Check Answer
Divide using synthetic division. (4x+7x-13)+(x+5)
During 2020, Harmony Co. sold $514,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: Beginning inventory Net purchases At Cost...
Peter Weaver doesn't like to follow the crowd. He thinks groupthink is a common problem in many organizations. This former director of marketing for a consumer products company believes differences...
Our company manufacture Bearings. When bearing convert into a finished product, we pack every bearing into a box. My question is Packing Labor will be Direct Labor or Indirect Labor.
The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit Cash at bank Office supplies Prepaid...
An asset which cost 200,000 on 1 January 2021 is being depreciated on the straight line basis over a five year period with an estimated residual value of 40,000. The company which owns the asset has...
At the start of business on 1 January 2024, the statements of financial position of A1 Ltd and A2 Ltd were as follows: On 1 January 2024, A1 Ltd acquired 100% of the share capital of A2 Ltd for...
A summarised statement of comprehensive income of Scharp Ltd for the year to 30 June 2024 is shown below, together with the company's statement of financial position at that date (with comparatives...
What is the change in value for this security over the four quarters recorded in the highlowclose graph?
What was the mean price of the security on the first of January 2004?
How do expectancy theory, goal-setting theory, and self-efficacy theory operate during the motivation process?

Elfyd Plc had 1,000,000 50p shares in issue on 1 January 2016. On 1 April 2016, Elfyd

Question:

Expert Answer:

Okay lets break this down stepbystep On 1 January 2016 Elfyd had 1000000 shares in issue at 50p ... View the full answer

International Financial Reporting a practical guide

Students also viewed these accounting questions