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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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