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

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

Question #: 92
Topic #: 1

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?

A$3.25

B$4.88

C$1.63

D$3.90

Show Suggested Answer

Suggested Answer: A

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

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Brittney

20 days ago

I'm going to go with D) $3.90 on this one. It just feels right, you know? Plus, I'm feeling lucky today.

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Avery

22 days ago

Easy peasy! The bonus issue doubled the number of shares, so the earnings per share should be half of what it was before. That means the answer is C) $1.63.

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Luis

24 days ago

Hmm, this is tricky. I remember learning about bonus issues in my accounting class, but I can't quite remember how they affect EPS. I'll have to think about this one a bit more.

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Viola

4 days ago

A) $3.25

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Alease

16 days ago

A) $3.25

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2 months ago

I think the answer is B) $4.88

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