Dormant Plc Has a Net Income After Tax of £2

question 2

Multiple Choice

Dormant Plc has a net income after tax of £2 540 000 for the year ended 30 June 2015.At the beginning of the period Dormant Plc had 3 000 000 fully paid-up ordinary shares on issue.On 1 November 2014,Dormant Plc makes a rights issue of 1 fully paid share for every 6 shares held.The required payment for the rights issue shares was £2.00.The last cum rights price was £3.00.What are the basic earnings per share for the period ended 30 June 2015 in accordance with IAS 33?

• A)£0.73
• B)£0.75
• C)£0.76
• D)£0.78

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Definitions:

Skewed

A distribution that is not symmetrical around its central value, indicating that the data points tend to be more spread out on one side of the scale.

Student t

A distribution that is used in hypothesis testing, especially for small sample sizes, when the population standard deviation is unknown.

χ

This commonly represents the Greek letter chi, which can denote a variable, statistic, or characteristic in various scientific fields. Without further context, a specific definition cannot be provided.

Negative Values

Numbers that are less than zero, often representing a deficit or decrease in mathematical calculations or data sets.