Solution-Find what is the basic earnings per share

Find what is the basic earnings per share

Assignment Help Cost Accounting

Reference no: EM132560900

Seven seas Company had share capital of two million shares ? 1 each fully paid up. On January 2, 2020 Seven Seas Company issued one million ? 1 ordinary shares. The full price of the new shares was ? 1.50 and they were 50% paid up on issue. The dividend participation is to be 50% until fully paid up. The shares remained 50% paid at December 31, 2006. During 2020, the average fair value of one ordinary share was ? 2.00. 2020 Net income was ? 8,000,000.

Question 1: What is the basic earnings per share?

Question 2: What is the diluted earnings per share?

Reference no: EM132560900

Questions Cloud

Why proteins are not made directly from dna : Give 3 reasons why proteins are not made directly from DNA. (Hint: Consider disadvantages of using DNA directly, and/or advantages of not using DNA directly).

Prepare cost of production report under each of loss occurs : Compute for equivalent units of production and prepare cost of production report under each of the Loss occurs at the start and Loss occurs at the end.

Result of an enzyme deficiency : Why a human illness/disease that is the result of an enzyme deficiency?

Explain the vascular nature of skeletal muscle : Explain the vascular nature of skeletal muscle. Describe innervation of skeletal muscle.

Find what is the basic earnings per share : What is the diluted earnings per share? What is the basic earnings per share? Seven seas Company had share capital of two million shares ? 1 each fully paid up.

In the ink lab experiment for escience labs : In the ink lab experiment for Escience labs, with silly putty and slime, does the silly putty dissolve in the slime when placed inside it?

Calculate the commercial cost and price : The company produces one type of product. Calculate the commercial cost, price (excluding VAT) and gross profit of one product.

Importance of security policies : you work for an organization that has no Internet use policy; employees use the Internet in whatever way they want using company-owned personal computers

What is the maximum amount lathorp would be willing to pay : What is the maximum amount Lathorp would be willing to pay for another 500 pounds of metal? How many extra units they will be able to manufacture?

User Account

All Pages

Find what is the basic earnings per share

Reference no: EM132560900

Reference no: EM132560900

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT