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#6 Question for the day (Inter: Advanced Accounting)

Accountancy

Solve on paper and share photo by 8pm. #LetsPractice Net Profit for financial year 2018-2019 - Rs. 30,00,000 Net Profit for financial year 2019-2020 - Rs. 50,00,000 No. of shares outstanding prior to rights issue - 20,00,000 shares Rights Issue Price - Rs. 20 Last day to exercise rights - 1st June, 2019 Right issue is one new share for each five equity share outstanding (i.e. 4,00,000 new shares). Fair value of one equity share immediately prior to exercise of rights on 1st June, 2019 was Rs. 26.00. Compute Basic Earnings Per Share for financial year 2018-19, 2019-2020 and restated EPS for 2018-19.

Sahibdeep Singh

CA Inter

★ 14K+

06-Aug-22 11:44

644

Answers (8)

please sir send right answer so we can tally

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Divy Degda

CA Final

★ 2K+

06-Aug-22 13:58

Ans

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Sajeetha R

CA Final

★ 46K+

06-Aug-22 14:59

Divy Degda

please sir send right answer so we can tally

The answer will be posted at end of day

CA Suraj Lakhotia

Admin

06-Aug-22 15:06

Correct answer: BEPS for 2018-19 - Rs. 1.5 BEPS for 2019-20 - Rs. 2.13 Restated EPS for 2018-19 - Rs. 1.44. Please check the detailed answer in pic below.

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#6_Question of the day__Adv Acc_Answer.png

Thread Starter

Sahibdeep Singh

CA Inter

★ 14K+

06-Aug-22 20:54

Divy Degda

please sir send right answer so we can tally

This is good. In exam, however do first write the forumulas first and show numbers in next step.

Thread Starter

Sahibdeep Singh

CA Inter

★ 14K+

06-Aug-22 20:55

Sajeetha R

Ans

Good. Keep it up!

Thread Starter

Sahibdeep Singh

CA Inter

★ 14K+

06-Aug-22 20:58

Thread Starter

Sahibdeep Singh

This is good. In exam, however do first write the forumulas first and show numbers in next step.

Ok sir

Divy Degda

CA Final

★ 2K+

06-Aug-22 21:13

Thread Starter

Sahibdeep Singh

Good. Keep it up!

Tq sir

Sajeetha R

CA Final

★ 46K+

06-Aug-22 21:15