Mohur ltd has equity capital of rs4000000 consisting of, Ask an Expert

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Mohur Ltd. has equity capital of Rs.40,00,000 consisting of fully paid equity shares of Rs.10 each. The net profit for the year 2004-05 was Rs.60,00,000. It has also issued 36,000, 10% convertible debentures of Rs.50 each. Each debenture is convertible into five equity shares. The tax rate applicable is 30%. Compute the diluted earnings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9993173

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