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A Company Reports the Following in Relation to the Year 10000\quad10 000

Question 1

Multiple Choice

A company reports the following in relation to the year ended 30/6/2012:
Number of ordinary shares issued at 1/7/2011 10000\quad10 000
Number of preference shares issued
(paying an annual dividend of $2.00\$ 2.00 per share) 1800\quad1800
On 31/3/201231 / 3 / 2012 a further 1000 ordinary shares were issued.
Net profit from ordinary activities, after income tax $20000\quad \$ 20000
The company's basic earnings per share figure (to the nearest tenth of a cent) is:


A) $1.95
B) $1.67
C) $2.00
D) $1.79

Correct Answer:

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