23.1 A company's issued share capital is 2 million, comprising four million ordinary shares ...

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Accounting

23.1 A company's issued share capital is 2 million, comprising four million ordinary shares
IAS 33 of 25 p each and one million 8% preference shares of 1. An extract from the company's
statement of comprehensive income for the year to 31 March 2016 is as follows:
Preference dividends of 80,000 were paid during the year.
Required:
(a) Calculate basic EPS for the year.
(b) Recalculate basic EPS for the year on the assumption that the company's profit
after tax includes profit of 50,000 from a discontinued operation.
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