Question: It is urgent. Show all workings. no wrong answer please PUZZLE 11.1 RIGHT ISSUE Entity B Net profit available for ordinary shareholders year to December

It is urgent. Show all workings. no wrong answer please PUZZLE

It is urgent. Show all workings. no wrong answer please

PUZZLE 11.1 RIGHT ISSUE Entity B Net profit available for ordinary shareholders year to December 31, 20X1 2,100 December 31, 20X2 3,500 The ordinary shares in issue on January 1, 20X2, were 800,000. Entity B offered existing shareholders a rights issue of one for five shares at a price of $6 per share to be exercised on April 1, 20X2. The market value of Entity B's shares on that date was $10 per share. Required Calculate the basic earnings per share for the years 20X1 and 20X2

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