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BI Plc Has 7 000 000 Ordinary Shares on Issue

question 31

Multiple Choice

BI Plc has 7 000 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at €4.50 each and have a current market value of €8.00.On 1 September 2014,BI Plc bought back 500 000 ordinary shares originally issued at €4.50 for €6.50 each.On 1 December 2014,1 000 000 shares were issued fully paid up at the current market value of these shares.Also during the period,800 000 partly paid-up ordinary shares were issued.They were issued on 1 February 2015 at an issue price of €7.20.These shares were partly paid to €4.50.The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price. BI Plc has 1 000 000,€1.00 preference shares that provide non-cumulative dividends at a rate of 10%.The dividends were not paid this period.
For the year ended 30 June 2014,the net loss after tax was €1 000 000.
What are the basic earnings per share for BI Plc for the year ended 30 June 2015?

Recognize the types of collateral and goods involved in secured transactions.

Distinguish between attachment and perfection of a security interest.

Understand the legal steps necessary for a secured party to protect their interest.

Identify the conditions under which bankruptcy impacts secured transactions.

Definitions:

Watson

Refers to John B. Watson, an American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behaviors over internal phenomena like thoughts and feelings.

Humanistic Psychology

Historically significant perspective that emphasized the growth potential of healthy people and the individual’s potential for personal growth.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy in personal development.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.