CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 72 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 72
Topic #: 1

On 1 January 20X4 JK had 1,500,000 ordinary shares in issue. On 1 September 20X4JKissued 600,000 ordinaryshares at the market value of $2.50a share. For the financial year ended 31 December 20X4 the statement of profit or loss showsprofit before tax of $625,000 and profit after tax of $500,000.

What is the earnings per share for the year ended 31 December 20X4?

A23.8 cents

B36.8 cents

C26.3 cents

D29.4 cents

Show Suggested Answer

Suggested Answer: A, B

by Virgie at Jul 27, 2023, 03:44 AM

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Golda

1 months ago

Wait, what? Earnings per share? I thought this was a bake-off competition. Time to whip up some delicious financial statements!

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Eileen

1 months ago

I bet the answer is 'all of the above' and they're just trying to see if we can spot the trick. Gotta keep my wits about me!

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Ines

4 days ago

I don't think it's all of the above, maybe we should calculate it.

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Man

6 days ago

A) 23.8 cents

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Patria

2 months ago

Hold on, is this a trick question? The numbers seem a bit too perfect. Maybe they're trying to lure us into a trap!

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Jamie

23 hours ago

D) 29.4 cents

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Christiane

2 days ago

I'm going with C, the numbers make sense to me.

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Aileen

6 days ago

C) 26.3 cents

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Mariko

7 days ago

No, I don't think it's B. A seems more likely.

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Beth

10 days ago

B) 36.8 cents

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Sonia

11 days ago

I think it's A too, the numbers do seem too perfect.

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Helaine

14 days ago

A) 23.8 cents

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Pauline

21 days ago

I'm not sure about C, maybe it's a trick question after all.

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Leonora

25 days ago

C) 26.3 cents

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Zena

1 months ago

I think it's A too, the numbers do seem too perfect.

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Quiana

1 months ago

A) 23.8 cents

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Keneth

2 months ago

Ah, the classic 'what's the EPS' question. Better brush up on my financial accounting, or I'll be singing the blues on this one.

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Nan

2 months ago

I'm not sure, but I believe it's 23.8 cents.

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Brynn

2 months ago

Hmm, looks like we need to calculate the weighted average of the shares to get the correct earnings per share. Let's see, where's my calculator?

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Elenora

20 days ago

Allene: Yes, I found it. Let's calculate the earnings per share now.

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Scot

22 days ago

User 3: So, did you find your calculator to do the calculations?

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Allene

1 months ago

User 2: Yeah, that's right. It's an important step in determining the EPS.

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Candra

2 months ago

User 1: I think we need to calculate the weighted average of the shares to get the correct earnings per share.

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Filiberto

2 months ago

I calculated it to be 29.4 cents.

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Sabina

2 months ago

I think the earnings per share is 26.3 cents.

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