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The entity's tax rate Calculate the BEPS June 30, 2023 and year ended June 30 relevant workings.

The entity's tax rate Calculate the BEPS June 30, 2023 and year ended June 30 relevant workings.

FINANCIAL ACCOUNTING
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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For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000. The company has in issue 12,000,000 ordinary shares, each with a par value of $0.80. The entity also has in issue the following instruments: $3,100,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held • $6,400,000 9% convertible bond ● that can be converted to 120 ordinary shares for every $500 held The entity's tax rate is 25%. Calculate the BEPS for the year ended June 30, 2023 and the DEPS for the year ended June 30, 2023, showing all relevant workings.
Transcribed Image Text:For the year to June 30, 2023, Bubble Ltd made profits before taxes amounting to $16,900,000. The company has in issue 12,000,000 ordinary shares, each with a par value of $0.80. The entity also has in issue the following instruments: $3,100,000 18% convertible bond that can be converted to 90 ordinary shares for every $800 held • $6,400,000 9% convertible bond ● that can be converted to 120 ordinary shares for every $500 held The entity's tax rate is 25%. Calculate the BEPS for the year ended June 30, 2023 and the DEPS for the year ended June 30, 2023, showing all relevant workings.
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