Neco 2022 Financial Accounting Question 22
Practice objective / multiple choice question 22 from the 2022 Neco Financial Accounting examination.
A company had 5,000 ordinary shares at the start of the year. On 1 March it issued 1,500 shares at a premium, on 30 June it bought back 800 shares, and on 30 September it performed a 2‑for‑1 stock split. The profit after tax for the year was \(720{,}000\). Compute the basic earnings per share (EPS) for the year.
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About This Question
This is Neco 2022 Financial Accounting Question 22. It is one of the objective questions from the 2022 Neco Financial Accounting examination.
Difficulty level: Hard .
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