In the financial year to June 30, 2021, HiFi Ltd issued options for 400,000 shares. During that period, the average fair value of one ordinary share was $32 while the exercise price for the shares under option was $26. The company commençed the financial year with 940,000 ordinary shares in issue, while profit for the year amounted to $921,000. REQUIRED: Calculate BEPS and DEPS for the year.
In the financial year to June 30, 2021, HiFi Ltd issued options for 400,000 shares. During that period, the average fair value of one ordinary share was $32 while the exercise price for the shares under option was $26. The company commençed the financial year with 940,000 ordinary shares in issue, while profit for the year amounted to $921,000. REQUIRED: Calculate BEPS and DEPS for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:In the financial year to June 30, 2021, HiFi Ltd issued options for 400,000 shares. During that
period, the average fair value of one ordinary share was $32 while the exercise price for the shares
under option was $26. The company commençed the financial year with 940,000 ordinary shares
in issue, while profit for the year amounted to $921,000.
REQUIRED:
Calculate BEPS and DEPS for the year.
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