In the financial year to June 30, 2023, Bubba Ltd issued options for 700,000 shares. During that period, the average fair value of one ordinary share was $32 while the exercise price for the shares under option was $28. The company commenced the financial year with 930,000 ordinary shares in issue, while profit for the year amounted to $802,000. 

Calculate BEPS and DEPS for the year.

Answer rating: 100% (QA)

To calculate Basic Earnings Per Share BEPS and Diluted Earnings Per Share DEPS for the year we need to consider the weighted average number of ordinar... View the full answer