Marksman Limited had 10,000,000 ordinary shares outstanding as at January 1, 2019. On July 1, 2019, the company made at one for four bonus issue of the existing shares held. The following information below is relevant:
                                                                                                 2019,        2018
Net income                                                                   $2,800,000,   $2,500,000

15% Irredeemable preference shares                   $10,000,000,   $10,000,000

Required:

a. Calculate the EPS for the year ended December 31, 2019

b. Calculate the comparative EPS for 2018 that would be presented in the 2019 financial statements.

Answer rating: 100% (QA)

Solution bonus shares issued on January 12019 100000004 2500000 bonus shares issued on J... View the full answer