Q16 Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was______. Select one: a. R2.53 b. R3.20 c. R1.94 d. R3.62

Q16 Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was______. Select one: a. R2.53 b. R3.20 c. R1.94 d. R3.62

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...

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