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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 92 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 92
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

XYZ had 600,000 ordinary shares in issue on 1 July 20X4. On 1 January 20X5, the entity made a 1 for 2 bonus issue. The profit attributable to ordinary shareholders for the year ended 30 June 20X5 was $2,925,000.

What is the basic earnings per share for the year ended 30 June 20X5?

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Suggested Answer: A

by Annice at Jul 10, 2024, 03:35 AM

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Elly
2 days ago
Okay, let's think this through step-by-step. If the shares doubled after the bonus issue, then the earnings should have doubled as well. That means the correct answer is B) $4.88.
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Elli
4 days ago
I'm not sure, but I think the answer might be A) $3.25
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Boris
5 days ago
I disagree, I calculated it and I believe the answer is D) $3.90
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Launa
11 days ago
I think the answer is B) $4.88
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