INTERMEDIATE ACCOUNTING 2Chapter 15: Earnings per Share A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figurefor 2014 was P135,000. The company's issued share capital at 1 January 2014 consisted of 240,000ordinary shares. A 1 for 4 bonus issue was made on 1 July 2015. There were no other share issues ineither year. Basic EPS for 2015 and restated basic EPS for 2014, respectively are:2015201420152014a. 0.45b. 0.48c. 0.550.500.480.52d. 0.500.45

When bonus shares are issued then they are assumed to be issued from beginning of the year. For…

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Basic EPS for 2015 and restated basic EPS for 2014, respectively are:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

INTERMEDIATE ACCOUNTING 2

Chapter 15: Earnings per Share

A company's profit after tax for the year to 31 December 2015 was P150,000. The comparative figure
for 2014 was P135,000. The 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. Basic EPS for 2015 and restated basic EPS for 2014, respectively are:
2015
2014
2015
2014
a. 0.45
b. 0.48
c. 0.55
0.50
0.48
0.52
d. 0.50
0.45

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