Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Daisy Ltd has a net profit after tax of $3 400 000 for the year ending 30 June 2012. For the entire financial year Daisy Ltd had two million $1.00 cumulative preference shares on issue which provide dividends at a rate of 10% per year. The preference share dividends were not treated as part of interest expense.
At 1 July 2011 Daisy Ltd had 1 800 000 fully paid up shares on issue. On 1 October 2011 a further 200 000 fully paid ordinary shares were issued at an issue price of $5 per share. On 1 May 2012 Daisy Ltd made a 1 for 4 bonus issue of ordinary shares. The last sale price of an ordinary share before the bonus issue was $5.50. The basic earnings per share for the year ending 30 June 2011 was $2 per share.
Required
(i) Calculate the earnings per share for the year ending 30 June 2012. Round number of shares to the nearest whole number and show all calculations.
(ii) What is the comparative earnings per share for the previous year to be reported in the 2012 financial reports? Show workings.
(iii) Explain briefly how your answer to this question would differ had there been a rights issue as opposed to a bonus issue of shares.
1.What is a Statement of Cash Flows? How does it differ from an Income Statement? 2.What unique information does the Statement of Cash Flows deliver to investors? Why do they care?
Find Out the Memorandum Reconciliation Account The givens are the final accounts of a company for the year ending on date 31st December 1999. Manufacturing Trading Loss and Pr
The next year's budget for Benny, Inc., is given below: Product 1 & 2 Sales $945,000 & 688500 Variable costs 459,900 & 297,000 Fixed costs 300
How relevant to the decision are the $800(000) initial cost of the project and the operating losses of $300(000)? Calculate the incremental liquidation cash flows for the abando
Advantages and Disadvantages of Uniform Costing Advantages 1. It enables costs to be compared simply 2. It makes it easier to computerize the accounting system of d
Accounting Case Study: The Champlain Career Consulting Corporation ("CCCC") is owned by three Trent graduates. Incorporated in 2009, CCCC provides a wide-range of career plann
An analysis of the fluctuations of current assets and current liabilities that is working capital describes that how the working capital has decreased or increased. We want to iden
High Bhd acquired shares in two other companies as follows: Additional information: i) Goodwill on acquisition of Swift was impaired by RM80,000 as
concepts of accounting
Purpose of Cost Accounting Information Cost accounting is employed for a number of reasons, some of that are briefly described in the given points as: a) Accounting for co
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd