On 1 January 2021, Vortex Bhd has 300,000 ordinary shares outstanding. On 1 March 2021,...
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Accounting
- On 1 January 2021, Vortex Bhd has 300,000 ordinary shares outstanding. On 1 March 2021, the company announces a bonus issue of 2 shares for every 3 shares held on that date. By the end of the year Vortex Bhds profit attributable to ordinary shareholders amounts to RM900,000 (2020: RM600,000).
Required:
Show full workings on how to present basic earnings per share that Vortex Bhd must disclose in its financial statements for the year ended 31 December 2021.
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