User Account

All Pages

Calculate the figure that would be disclosed as earnings

Assignment Help Accounting Basics
Reference no: EM133018969

Question - The following is an extract from the draft Statement of Financial Position of a quoted company as at 31 December 20X2, the end of its most recent financial year:

£000

Issued ordinary shares of £172,000

Share premium 40,000

Profit and loss account 13,500

10% Debentures 70,000

The following is an extract from the Income Statement for the year ended 31 December 20X2:

£000

Operating profit 11,050

Loan interest 7,000

Profit before taxation 4,050

Taxation 810

Profit for the year 3,240

On 1 September 20X2 the company made a bonus issue of shares of 1 for 3. This has not yet been recorded in the financial statements.

Required - Calculate the figure (correct to one decimal place) that would be disclosed as earnings per share for the year ended 31 December 20X2.

Reference no: EM133018969

Questions Cloud

Provide a list of possible audit procedures : Provide a list of possible audit procedures that could be used by the audit team to test the controls in the client's sales software application
Calculate forward premium - discount rate : He has sold some goods in Japan and is expecting to receive JPY (Japan Yen) 100,000.00 after 3 months. Calculate forward premium - discount rate
What price was paid for the stock : Question - A common stock is held for five years, during which time it receives an annual dividend of $7. What price was paid for the stock
For each item indicate the account name and the amount : For each item, indicate the account name and the amount to be included as a current liability on Electrical's balance sheet prepared at 30 June 2020
Calculate the figure that would be disclosed as earnings : Calculate the figure (correct to one decimal place) that would be disclosed as earnings per share for the year ended 31 December 20X2
Calculate depreciation expense using straight-line method : On July 1, 2020 Sweet Acacia's Greenhouse purchased a new delivery truck for $90,000. Calculate depreciation expense using straight-line method
Pass the necessary consolidation journal entries : Pass the necessary consolidation journal entries and the journal entries to record the non-controlling interest
What is its weighted average cost of capital : The expected return on the market portfolio is 8%. If Clifford Chance's beta is estimated at 1.4, what is its weighted average cost of capital
Prepare process map for the online sales process : The Sales Assistant checks the details are complete and sends the form through to the Sales Consultant. Prepare process map for the online sales process

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd