Q16 Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was______. Select one: a. R2.53 b. R3.20 c. R1.94 d. R3.62

Q16 Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was______. Select one: a. R2.53 b. R3.20 c. R1.94 d. R3.62

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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