Lamps and More Ltd has profit before tax of $1.8 million, with a tax rate...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Lamps and More Ltd has profit before tax of $1.8 million, with a tax rate of 30%. On January 1. 2020, they had $800,000 in ordinary share capital at $0.80 per share. They then issued options for another 600,000 shares. The average fair value of one ordinary share during the year to December 31, 2020 was $16 while the exercise price for the shares under option was $12.50. REQUIRED: Calculate BEPS and DEPS for the year ended December 31, 2020
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
