(b) Brash Co had 100,000 shares in issue, but then makes a 1 for 5 rights issue on October 1, 2002 at a price of $1. The market value on the last day of quotation with rights was $1.60. Calculate the EPS for 2002 and the corresponding figure for 2001 given total earnings of $50,000 in 2002 and $40,000 in 2001
(b) Brash Co had 100,000 shares in issue, but then makes a 1 for 5 rights issue on October 1, 2002 at a price of $1. The market value on the last day of quotation with rights was $1.60. Calculate the EPS for 2002 and the corresponding figure for 2001 given total earnings of $50,000 in 2002 and $40,000 in 2001
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter13: Earnings Per Share (eps)
Section: Chapter Questions
Problem 3R: During 2012, Ponce Towers issued 30,000 additional shares of common stock on June 1 and 24,000 on...
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