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

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 72
Topic #: 1

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?

A23.8 cents

B36.8 cents

C26.3 cents

D29.4 cents

Show Suggested Answer

Suggested Answer: A, B

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

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Nan

9 days ago

I'm not sure, but I believe it's 23.8 cents.

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Brynn

10 days 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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Filiberto

10 days ago

I calculated it to be 29.4 cents.

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Sabina

11 days ago

I think the earnings per share is 26.3 cents.

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