Economics · IAS 33 Earnings Per Share
At 1 October 20X6, Harry Co had 36 million equity shares in issue. On 1 January 20X7, it made a fully subscribed rights issue of one new share for every four shares held at $2.80 each. The market price of the shares immediately before the issue was $3.80. What is the weighted average number of ordinary shares to be used in calculating basic earnings per share for the year ended 30 September 20X7?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 144,150,000 shares
- 245,000,000 shares
- 343,250,000 shares✓
- 441,250,000 shares
Correct answer
43,250,000 shares
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