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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 72 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 72
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

On 1 January 20X4 JK had 1,500,000 ordinary shares in issue. On 1 September 20X4JKissued 600,000 ordinaryshares at the market value of $2.50a share. For the financial year ended 31 December 20X4 the statement of profit or loss showsprofit before tax of $625,000 and profit after tax of $500,000.

What is the earnings per share for the year ended 31 December 20X4?

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Suggested Answer: A, B

by Virgie at Jul 27, 2023, 03:44 AM

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Golda
1 months ago
Wait, what? Earnings per share? I thought this was a bake-off competition. Time to whip up some delicious financial statements!
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Eileen
1 months ago
I bet the answer is 'all of the above' and they're just trying to see if we can spot the trick. Gotta keep my wits about me!
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Ines
4 days ago
I don't think it's all of the above, maybe we should calculate it.
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Man
6 days ago
A) 23.8 cents
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Patria
2 months ago
Hold on, is this a trick question? The numbers seem a bit too perfect. Maybe they're trying to lure us into a trap!
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Jamie
2 days ago
D) 29.4 cents
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Christiane
2 days ago
I'm going with C, the numbers make sense to me.
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Aileen
6 days ago
C) 26.3 cents
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Mariko
7 days ago
No, I don't think it's B. A seems more likely.
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Beth
10 days ago
B) 36.8 cents
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Sonia
11 days ago
I think it's A too, the numbers do seem too perfect.
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Helaine
14 days ago
A) 23.8 cents
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Pauline
21 days ago
I'm not sure about C, maybe it's a trick question after all.
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Leonora
25 days ago
C) 26.3 cents
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Zena
1 months ago
I think it's A too, the numbers do seem too perfect.
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Quiana
1 months ago
A) 23.8 cents
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Keneth
2 months ago
Ah, the classic 'what's the EPS' question. Better brush up on my financial accounting, or I'll be singing the blues on this one.
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Nan
2 months ago
I'm not sure, but I believe it's 23.8 cents.
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Brynn
2 months ago
Hmm, looks like we need to calculate the weighted average of the shares to get the correct earnings per share. Let's see, where's my calculator?
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Elenora
20 days ago
Allene: Yes, I found it. Let's calculate the earnings per share now.
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Scot
22 days ago
User 3: So, did you find your calculator to do the calculations?
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Allene
1 months ago
User 2: Yeah, that's right. It's an important step in determining the EPS.
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Candra
2 months ago
User 1: I think we need to calculate the weighted average of the shares to get the correct earnings per share.
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Filiberto
2 months ago
I calculated it to be 29.4 cents.
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Sabina
2 months ago
I think the earnings per share is 26.3 cents.
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