ACCA · Question 11 · Earnings Per Share
Section A
Gamma PLC had 2,000,000 ordinary shares in issue on 1 January 20X5. On 1 April 20X5, it made a 1-for-4 bonus issue. On 1 October 20X5, it issued 300,000 shares at full market price. What is the weighted average number of shares to be used in calculating basic Earnings Per Share (EPS) for the year ended 31 December 20X5?
Answer options:
2,575,000
2,800,000
2,450,000
2,500,000
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