Q1.

Greymatter Co had 400,000 shares in issue, until on 30 September 20X2 it made a bonus issue
of 100,000 shares. The company's accounting year runs from 1 January to 31December.
Required: Calculate the EPS for 20X2
Q2. Assume the following facts for the current year:

Net income $200,000

Common dividends $20,000
Preferred dividends $10,000
Common shares outstanding on January 1, 2008 were 20,000 shares. Company issue 5,000
additional Common shares on July 1, 2008. On September 1, 2008 Company carried 2-for 1 stock
split. On October 1 Company repurchased the 10,000 shares. On November 1, 2008 Company
resold the 5000 shares.

Required: Compute the basic earnings per share for the current year.

Q3. Assume that a corporation had 10,000 shares of common stock outstanding
at the beginning of the year. On July 1, it issued 2,000 shares, and on October 1, it issued
another 3,000 shares.
Required: Calculate the weighted Average number of shares outstanding
Q4.

Required: Calculate earnings per share for year 1 and Year 2

Q5.

Required: Compute the denominator of the earnings per share computation for the current
year.
Q6.

Required: Compute the earnings per share.

Q7.

Required: Compute the earnings per share for the current year.