Pearson Ltd is an Australian listed company. Its results for the financial year ending 30 June 2023 have exceeded expectations—profit before tax is $14 293 618 million, and income tax expense is $2 829 610 million. As of 30 June 2022, there were 14 939 730 million ordinary shares on issue. On 11 May 2023, 5 394 902 million further ordinary shares were issued at a price of $2.99—paid to $2.40. The partly paid shares carry rights to dividends in proportion to the amount paid relative to the total issue price. Required: Calculate the basic EPS for Pearson Ltd for the year ending 30 June 2023.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pearson Ltd is an Australian listed company. Its results for the financial year ending 30 June 2023 have exceeded expectations—profit before tax is $14 293 618 million, and income tax expense is $2 829 610 million. As of 30 June 2022, there were 14 939 730 million ordinary shares on issue. On 11 May 2023, 5 394 902 million further ordinary shares were issued at a price of $2.99—paid to $2.40. The partly paid shares carry rights to dividends in proportion to the amount paid relative to the total issue price. Required: Calculate the basic EPS for Pearson Ltd for the year ending 30 June 2023.
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