On 1 April 2021, Harry Co has $2.5 million of equity share capital (shares of 50 cents
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On 1 April 2021, Harry Co has $2.5 million of equity share capital (shares of 50 cents each) in issue.
No new shares were issued during the year ended 31 March 2022 but on that date there were outstanding share options which had a dilutive effect equivalent to issuing 1.2 million shares for no consideration. Harry Co’s profit after tax for the year ended 31 March 2022 was $1,550,000.
In accordance with IAS33 EPS, what is Harry’s diluted earning per share for the year ended 31 March 22.
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood
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