A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure for 2014 was P135,000The company's issued share capital at 1 January 2014 consisted of 240,000 ordinary shares. A 1 for 4 bonus issue was made on 1 July 2015. There were no other share issues in either year. What is the basic EPS reported in the 2014 income statement?
A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure for 2014 was P135,000The company's issued share capital at 1 January 2014 consisted of 240,000 ordinary shares. A 1 for 4 bonus issue was made on 1 July 2015. There were no other share issues in either year. What is the basic EPS reported in the 2014 income statement?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.15E
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A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure for 2014 was P135,000The company's issued share capital at 1 January 2014 consisted of 240,000 ordinary shares. A 1 for 4 bonus issue was made on 1 July 2015. There were no other share issues in either year.
What is the basic EPS reported in the 2014 income statement?
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