Nairobi Co.'s issued and outstanding share capital throughout the period consists of 500,000 ordinary shares of PO.20 par and 80,000 preference shares of P1 par. Profit after tax for the period is P320,000 and the preference dividend is P8,000. Basic EPS for the period is: a. 0.602 b. 0.624 c. 0.642 d. 0.660

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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INTERMEDIATE ACCOUNTING 2

Chapter 15: Earnings per Share

 

 

 

Nairobi Co.'s issued and outstanding share capital throughout the period consists of 500,000
ordinary shares of PO.20 par and 80,000 preference shares of P1 par. Profit after tax for the period is
P320,000 and the preference dividend is P8,000. Basic EPS for the period is:
a. 0.602
b. 0.624
c. 0.642
d. 0.660
Transcribed Image Text:Nairobi Co.'s issued and outstanding share capital throughout the period consists of 500,000 ordinary shares of PO.20 par and 80,000 preference shares of P1 par. Profit after tax for the period is P320,000 and the preference dividend is P8,000. Basic EPS for the period is: a. 0.602 b. 0.624 c. 0.642 d. 0.660
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