GABSA Pty Ltd issued 6 000 000 units of ordinary shares at R4 per share on 30 June 2020 and the annual financial year ended on 31 July every year. The retained eamings on 31 July 2022 amounted to R24 000 000. On 30 December 2018, a resolution was passed by the company director in the board meeting declaring a capitalisation issue of two-thirds to the existing shareholder while the shares were trading at R4.20. The closing balance of retained earnings in the statement of changes in equity of GABSA Pty Ltd for the reporting period ended 31 July 2023 is 4 8 000 000 OB 24 000 000 OC. 7 200 000 OD 16 000 000

lps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. At the beginningof the period Alps Ltd has 900 000 fully paid-up ordinary shares on issue. On 1 December 2018 AlpsLtd had issued a further 300 000 fully paid-up ordinary shares at an issue price of $2.00. On 1 March2019 Alps Ltd made a one-for-six bonus issue of ordinary shares out of retained earnings. The last saleprice of an ordinary share before the bonus issue was $2.50. At the beginning of the current periodAlps Ltd also had 500 000, $1.00, 8% cumulative preference shares on issue. The dividends on thepreference shares are not treated as expenses in the statement of comprehensive income. The basicearnings per share for the period ended 30 June 2018 was $1.50 per share.Required:a) Calculate the basic EPS amount for 2019 and provide the adjusted comparative EPS for 2018. b) Explain what is diluted EPS. Give one example of a security that can dilute the basic EPS.

Alps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. At the beginningof the period Alps Ltd has 900 000 fully paid-up ordinary shares on issue. On 1 December 2018 AlpsLtd had issued a further 300 000 fully paid-up ordinary shares at an issue price of $2.00. On 1 March2019 Alps Ltd made a one-for-six bonus issue of ordinary shares out of retained earnings. The last saleprice of an ordinary share before the bonus issue was $2.50. At the beginning of the current periodAlps Ltd also had 500 000, $1.00, 8% cumulative preference shares on issue. The dividends on thepreference shares are not treated as expenses in the statement of comprehensive income. The basicearnings per share for the period ended 30 June 2018 was $1.50 per share.Required:a) Calculate the basic EPS amount for 2019 and provide the adjusted comparative EPS for 2018. b) Explain what is diluted EPS. Give one example of a security that can dilute the basic EPS. maximum 300 words

Select Ltd is registered with an authorised share capital of 300,000 ordinary shares of Ksh.1. The following trial balance was extracted from the books of the company on 31 March 2020, after the preparation of the trading account:Dr                    CrKshs                KshsOrdinary share capital, fully paid                                                                               200,000Land and buildings at cost                                                                  170,000Sundry debtors                                                                                    38,300Furniture and fittings at cost                                                               80,000General expenses                                                                                3,800Sundry Creditors                                                                                                         25,000Stock at 31 March 2020…

Tobias Limited received its registration certificate on 10 February 2020. The article 2 of the Memorandum of incorporation provides for an authorized share capital of R4 500 000 consisting of 3 000 000 ordinary shares and 1500 000, 8% non- redeemable preference shares. The board decided on a year end of 30 September. During March 2020, the directors entered the following transactions: • 5 March: 100 00o shares were issued to the company promoters and founders for R1 each. • 12 March: The public was invited to apply for 600 000 ordinary shares for R1.20 each and 200 000 preference shares for R1. The full issue price was payable with applications that closed on 25 April 2020. The entire issue was underwritten by FNB Securities Brokers Limited for a commission of 2% of the issue price. The company promoters and founders paid for their shares on 8 April 2020. The share applications from the public investors were as follows: 1 500 000 ordinary shares • 150 000 preference shares. On 30 April…

Alps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. At the beginningof the period, Alps Ltd has 900 000 fully paid-up ordinary shares on issue. On 1 December 2018 AlpsLtd had issued a further 300 000 fully paid-up ordinary shares at an issue price of $2.00. On 1 March2019 Alps Ltd made a one-for-six bonus issue of ordinary shares out of retained earnings. The last saleprice of an ordinary share before the bonus issue was $2.50. At the beginning of the current periodAlps Ltd also had 500 000, $1.00, 8% cumulative preference shares on issue. The dividends on thepreference shares are not treated as expenses in the statement of comprehensive income. The basicearnings per share for the period ended 30 June 2018 was $1.50 per share.Required:a) Calculate the basic EPS amount for 2019 and provide the adjusted comparative EPS for 2018.  use different method to solve this thanks

Kelly Ltd undertook an issue of ordinary and preference shares in April 2018 as stated by the following transactions:2018 1 April: A prospectus was issued inviting applications for 100,000 ordinary shares at an issue price of $1.50, fully payable on application. The prospectus also offered 100,000 10% preference shares at an issue price of $2, fully payable on application. The issue was underwritten at a commission of $4,500, being $500 relating to the issue of ordinary shares and the balance for preference shares. All unsuccessful application monies were to be returned to the applicants. 10 April: Applications closed with the ordinary issue oversubscribed by 40,000 shares and the preference shares undersubscribed by 15,000 shares.15 April: 100,000 ordinary shares were allotted, applications for 40,000 shares were rejected, and money refunded. 100,000 preference shares were also allotted. 20 April: The underwriter paid for the shares allocated to her, less the commission…

Select Ltd is registered with an authorised share capital of 300,000 ordinary shares of Ksh.1. The following trial balance was extracted from the books of the company on 31 March 2020, after the preparation of the trading account:    Dr   Cr      Kshs    Kshs Ordinary share capital, fully paid    200,000 Land and buildings at cost   170,000   Sundry debtors   38,300   Furniture and fittings at cost 80,000   General expenses  3,800   Sundry Creditors        25,000 Stock at 31 March 2020 42,000   Bank   12,000   Trading account: Gross Profit     98,050 Office salaries and expenses   25,000   Accumulated provision for depreciation on furniture and fittings   32,000 Share premium account   20,000 Advertising and selling expenses    5,000   Bad debts   250   Provision for doubtful debts     600 Profit and loss account     12,000 Directors’ fees   11,300     387650 387,650 ‘The following information is given: i.       The provision for doubtful…

Alps Ltd has a net income after tax of $1 500 000 for the year ended 30 June 2019. At the beginning of the period Alps Ltd has 900 000 fully paid-up ordinary shares on issue. On 1 December 2018 Alps Ltd had issued a further 300 000 fully paid-up ordinary shares at an issue price of $2.00. On 1 March 2019 Alps Ltd made a one-for-six bonus issue of ordinary shares out of retained earnings. The last sale price of an ordinary share before the bonus issue was $2.50. At the beginning of the current period Alps Ltd also had 500 000, $1.00, 8% cumulative preference shares on issue. The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. The basic earnings per share for the period ended 30 June 2018 was $1.50 per share.  Calculation of the basic EPS amount for 2019 and provide the adjusted comparative EPS for 2018. Explain what is diluted EPS. Give one example of a security that can dilute the basic EPS.

JB Ltd was incorporated on 1 July 2021 and issued a prospectus inviting applications for 200,000 ordinary shares at an issue price of $10. The shares are payable as follows: $5 payable on application $2 payable on allotment ● ● ● ● $3 payable on call to be made 30th September 2021 Share issue costs were $10,500 and legahcosts were $1,500 The transactions for the period were as follows: Date Transaction 31/08/2021 Applications were received for 260,000 shares. 3/09/2021 Applications for 60,000 were rejected by the directors and the application money was refunded to the shareholders concerned. The Company allotted 200,000 shares to the remaining applicants All the allotment money s received. Share issue and legal costs were paid in cash The call was made on the shares, payable by 31 October 2021 Call money was received from the shareholders of only 180,000 shares The remaining 20,000 shares were forfeited. The forfeited shares were offered to an investment company at a price of $8 per…