What was the earnings per share figure for year ended 31, Ask an Expert

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Fenton had 5,000,000 ordinary shares in issue on 1 January 20X1.

On 31 January 20X1, the company made a rights issue of 1 for 4 at $1.75. The cum rights price was $2 per share.

On 30 June 20X1, the company made an issue at full market price of 125,000 shares.

Finally, on 30 November 20X1, the company made a 1 for 10 bonus issue.

Profit for the year was $2,900,000.

The reported EPS for year ended 31 December 20X0 was 46.4c.

Required:

What was the earnings per share figure for year ended 31 December 20X1 and the restated EPS for year ended 31 December 20X0?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941255

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