Tucson Ltd reported a net income after tax of $2,850,000 for the year ended 30 June 2009.The capital structure of Tucson Ltd follows: Tucson Ltd paid its preference shareholders during the year and there are non dividends in arrears.All potential ordinary shares were outstanding on 1 July 2008.
The company's tax rate is 30%.
In accordance with AASB 133,the basic earnings per share and diluted earnings per share for Tucson Ltd should be:

Question

Tucson Ltd reported a net income after tax of $2,850,000 for the year ended 30 June 2009.The capital structure of Tucson Ltd follows:  Tucson Ltd paid its preference shareholders during the year and there are non dividends in arrears.All potential ordinary shares were outstanding on 1 July 2008.
The company's tax rate is 30%.
In accordance with AASB 133,the basic earnings per share and diluted earnings per share for Tucson Ltd should be:

Quizplus · Accepted Answer

The Answer of Tucson Ltd reported a net income after tax of $2,850,000 for the year ended 30 June 2009.The capital structure of Tucson Ltd follows:  Tucson Ltd paid its preference shareholders during the year and there are non dividends in arrears.All potential ordinary shares were outstanding on 1 July 2008.
The company's tax rate is 30%.
In accordance with AASB 133,the basic earnings per share and diluted earnings per share for Tucson Ltd should be:

Tucson Ltd Reported a Net Income After Tax of $2,850,000