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2. Watson had 2 million ordinary shares in issue throughout 2019. On 1 January 2019 the...
3. Lestrade has in issue 10,000,000 $1 ordinary shares throughout 2019. During 2019 the company had...
3. Lestrade has in issue 10,000,000 $1 ordinary shares throughout 2019. During 2019 the company had given certain senior executives options over 2,000,000 shares exercisable at $2.50 at any time after 31 December 2020. None were exercised during 2019. The average market value of one ordinary share during the period was $3.20. Lestrade had made a profit after tax of $2,520,000 in 2019. Required What is the basic and diluted earnings per share for the year ended 31 December 2019?
In the year ended 31 December 20X9, there were 12 million ordinary shares in issue. In...
In the year ended 31 December 20X9, there were 12 million ordinary shares in issue. In the year ended 31 December 20X9 the earnings available for ordinary shareholders amounted to INR 5 million. There are 1 million 10% INR 1 convertible loan notes in issue, convertible at the rate of 3 ordinary shares for every INR 4 of notes in the year ended 31/12/20X9 and the rate of company tax is 30%. Required: What is the fully diluted EPS for...
Starfruit. company in Hong Kong, comprised 5,000,000 fully paid ordinary draft statement com, a listed shares of...
Starfruit. company in Hong Kong, comprised 5,000,000 fully paid ordinary draft statement com, a listed shares of $1 each and 4,000,000 fully paid preference shares of S1 each. The of retained profits as at December 31, 2014 is as follows: Profit before tax 3,000,000 (500,000) Less: income tax expenses Profit for the year 2,500,000 Less : Dividends (400,000) Preference share dividends (250,000) Ordinary share dividends 1,850,000 Retained profits for the year 3,000,000 Retained profits at January 1, 2014 Retained profits...
1. On 1 January 2019 Holmes had 1,200,000 ordinary shares in issue. On 31 March 2019,...
1. On 1 January 2019 Holmes had 1,200,000 ordinary shares in issue. On 31 March 2019, the company made a rights issue of 1 for 3 shares at $2. The market price of the share at the moment was $2.4. On 30 August 2019, the company made an issue at full market price of 50,000 shares. On 30 November 2019, Holmes made a 1 for 5 bonus issue. Profit for the year was $624,000. The reported EPS for year ended...
Maxi Berhad offered 1 million ordinary shares for issue to public on 1 January 2019 at...
Maxi Berhad offered 1 million ordinary shares for issue to public on 1 January 2019 at an issue price of $1.50 per share. A total amount of $3,000,000 was received from the applicants on 30 November 2019. The oversubcription of $1,500,000 was returned to unssucessful applicants on 20 December 2019. On 31 March 2020, Maxi Berhad declared a 3 for 2 bonus issue. Extract of Maxi Berhad's balance sheet prior to issuane of bonus shares is as follows: $ Ordinary...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S Profit before tax and interest $ 39,000 (1,200) 19,000 Profit before tax and interest Finance costs-Interest on Convertible loan stock (4,750) Income tax (25%) 14,250 Profit after tax Income tax (25%) Profit after tax (9,450) 28,350 Capital structure Date No. of $1 ordinary shares 1.7.2018 1.1.2019 8,000 Balance Rights issue- 1 for 5 @ $1.25 (market value on last day of quotation with rights...
value 10.00 points On December 31, 2010, DW Steel Corporation had 600,000 shares of ordinary shares and 300,000 shares of 8%, noncumulative, nonconvertible preference shares issued and outstandin...
value 10.00 points On December 31, 2010, DW Steel Corporation had 600,000 shares of ordinary shares and 300,000 shares of 8%, noncumulative, nonconvertible preference shares issued and outstanding DW issued a 4% bonus issue on ordinary shares on May 15 and paid cash dividends of $400,000 and $75,000 to ordinary and preference shareholders, respectively, on December 15, 2011 On February 28, 2011, DW issued 60,000 ordinary shares. Also, as a part of a 2010 agreement for the acquisition of Merrill...
At January 1, 2018, Canaday Corporation had outstanding the following securities: 760 million common shares 30...
At January 1, 2018, Canaday Corporation had outstanding the following securities: 760 million common shares 30 million 6% cumulative preferred shares, $50 par 7% convertible bonds, $3,000 million face amount, convertible into 90 million common shares The following additional information is available: On September 1, 2018, Canaday sold 81 million additional shares of common stock. Incentive stock options to purchase 50 million shares of common stock after July 1, 2017, at $10 per share were outstanding at the beginning and...
1. 2.. On December 31, 2017, Berclair Inc. had 300 million shares of common stock and...
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On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
At January 1, 2021, Canaday Corporation had outstanding the following securities: 780 million common shares 40...
At January 1, 2021, Canaday Corporation had outstanding the following securities: 780 million common shares 40 million 8% cumulative preferred shares, $50 par 6.4% convertible bonds, $2,500 million face amount, convertible into 70 million common shares The following additional information is available: • On September 1, 2021, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at the...
3. Lestrade has in issue 10,000,000 $1 ordinary shares throughout 2019. During 2019 the company had given certain senior executives options over 2,000,000 shares exercisable at $2.50 at any time after 31 December 2020. None were exercised during 2019. The average market value of one ordinary share during the period was $3.20. Lestrade had made a profit after tax of $2,520,000 in 2019. Required What is the basic and diluted earnings per share for the year ended 31 December 2019?
Starfruit. company in Hong Kong, comprised 5,000,000 fully paid ordinary draft statement com, a listed shares of $1 each and 4,000,000 fully paid preference shares of S1 each. The of retained profits as at December 31, 2014 is as follows: Profit before tax 3,000,000 (500,000) Less: income tax expenses Profit for the year 2,500,000 Less : Dividends (400,000) Preference share dividends (250,000) Ordinary share dividends 1,850,000 Retained profits for the year 3,000,000 Retained profits at January 1, 2014 Retained profits...
1. On 1 January 2019 Holmes had 1,200,000 ordinary shares in issue. On 31 March 2019, the company made a rights issue of 1 for 3 shares at $2. The market price of the share at the moment was $2.4. On 30 August 2019, the company made an issue at full market price of 50,000 shares. On 30 November 2019, Holmes made a 1 for 5 bonus issue. Profit for the year was $624,000. The reported EPS for year ended...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S Profit before tax and interest $ 39,000 (1,200) 19,000 Profit before tax and interest Finance costs-Interest on Convertible loan stock (4,750) Income tax (25%) 14,250 Profit after tax Income tax (25%) Profit after tax (9,450) 28,350 Capital structure Date No. of $1 ordinary shares 1.7.2018 1.1.2019 8,000 Balance Rights issue- 1 for 5 @ $1.25 (market value on last day of quotation with rights...
value 10.00 points On December 31, 2010, DW Steel Corporation had 600,000 shares of ordinary shares and 300,000 shares of 8%, noncumulative, nonconvertible preference shares issued and outstanding DW issued a 4% bonus issue on ordinary shares on May 15 and paid cash dividends of $400,000 and $75,000 to ordinary and preference shareholders, respectively, on December 15, 2011 On February 28, 2011, DW issued 60,000 ordinary shares. Also, as a part of a 2010 agreement for the acquisition of Merrill...
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On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
At January 1, 2021, Canaday Corporation had outstanding the following securities: 780 million common shares 40 million 8% cumulative preferred shares, $50 par 6.4% convertible bonds, $2,500 million face amount, convertible into 70 million common shares The following additional information is available: • On September 1, 2021, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at the...
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