hii friends,plss solve it..
Nominal value is different
100000 shares at a facevalue Rs.10(fullypaid)
100000 shares at a facevalue Rs,5(fully paid)
profit of the company Rs.300000
calculate E.P.S as per As20..
plss solve it in both ways,converting Shares facevalue Rs.10 to Rs5 and Rs.5 to Rs.10.(2 EPS in each method ll be same?)
i am confused..thats y i am saying solve it in both ways.pls kindly give me ur valuable time..it's taken my lots of time.my exam in may,2010
step 1 :- convert shares with fv= rs.5 in to fv.rs.10
100000 shares *5/10 = 50000 shares
step 2 :- total shares at full face value = 100000 + 50000 = 150000
step 3 :- EPS = Rs. 300000
150000shares
ans = rs.2
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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