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


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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? SargentStrawWallaby4049
posted a question ยท Feb 18, 2014 at 4:42am

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