Gimlet Ltd has earnings after tax of $930,000 for the year ended 30 June 2005.At the beginning of the period Gaslight had 250,000 fully paid-up ordinary shares on issue.On 30 December 2004 the company made a 1 for 6 bonus issue.The last sale price of the shares immediately prior to the bonus issue was $1.35 each.What are the earnings per share taking into account the bonus issue?
A) $3.72
B) $4.13
C) $4.34
D) $3.19
E) None of the given answers.
Correct Answer:
Verified
Q26: In accordance with AASB 113,which of the
Q27: Under which of the following situations would
Q28: Dormant Ltd has a net income after
Q29: Tucson Ltd reported a net income after
Q30: Awake Ltd has a net income after
Q32: For the purpose of calculating dilutive earnings
Q33: On a 1 July 2006,Mayorga Ltd has
Q34: In accordance with AASB 133,which of the
Q35: Jackie Ltd has a profit after tax
Q36: Fitzroy Ltd has the following potential ordinary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents