JD paints earned Rs. 1,00,000/- during the year 2009. The no. Of ordinary shares on balance sheet date i.e. 31 Dec. 2008, and excluding 10,000 shares it repurchased on 1 Oct, 2008 . Determine EPS.
Answers
[tex]{(a) In each of the cases given below, one out of four alternatives is correct. Indicate the
correct answer (= 1 mark)and give workings/reasons briefly in support of your answer ( = 1
mark): 2x8=16
(i) SMITH LTD. had 1000000 equity shares outstanding on April 01, 2012. The average fair
value per share during the year 2012-13 was ` 50. The Company has given share
option to its employees of 2,00,000 shares at option price of ` 40. If net profit
attributable to equity shareholders for the year ended March 31, 2013 is ` 21 lakh,
what would be DILUTED EPS as per AS-20?
A. ` 2.10
B. ` 2.06
C. ` 2.02
D. None of (A), (B), (C)
(ii) VASUDA CONSTRUCTION LTD. undertook a contract on January 1, 2013 to construct
a building for ` 70 lakh. The Company found on March 31, 2013 that it had already
spent ` 52 lakh on the construction. Prudent estimate of additional cost for
completion was ` 28 lakh. SContract value to be recognized as Turnover in the final
accounts for the year ended March 31, 2013 as per AS-7 (revised) will be
A. ` 52.5 lakh
B. ` 50.4 lakh
C. ` 45.5 lakh
D. None of these
(iii) BANSAL LTD. had acquired 75% share of NAVINA LTD. for ` 27 lakh. The Net Assets of
NAVINA LTD. on the day are ` 24 lakh. During the year Bansal Ltd. sold the
investment for ` 32 lakh and Net Assets of Navina Ltd. on the date of disposal was ` 40
lakh. The Profit/Loss on disposal of this investment to be recognized in consolidated}[/tex]
(a) ذیل میں دی گئی ہر ایک صورت میں، چار میں سے ایک متبادل درست ہے۔ کی نشاندہی کریں۔
درست جواب (= 1 نشان) اور اپنے جواب کی حمایت میں مختصر طور پر کام / وجوہات بتائیں (= 1
نشان): 2x8=16