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javee
Jul 25, 2008, 12:26 AM
On Nov 1, 2008 the company borrowed Rs. 4,000,000 at 24% to finance construction of the plant.
Repayment of loan will start a month after completion of project.
During the year ended Oct.31, 2009, expenditure on the building was Rs.3, 000,000. The expenditure was incurred evenly through the year.
What amount of interest should be capitalized in year ended Oct, 31 2009?

Net profit for year ended December 31,2007
Rs.
1,300
weighted average number of ordinary shares outstanding during 2007
200 shares
Average value of one ordinary share during year 2007
Rs.
25
Weighted average number of share under option during 2007
80 shares
Exercise price for shares under option during year 2007
Rs.
20
Required:
Compute basic and diluted earning per share.

Curlyben
Jul 25, 2008, 12:30 AM
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mc060400844
Jul 27, 2008, 03:16 AM
(A) IAS -23
On Nov 1, 2008 the company borrowed Rs. 4,000,000 at 24% to finance construction of the plant.
Repayment of loan will start a month after completion of project.
During the year ended Oct.31, 2009, expenditure on the building was Rs.3, 000,000. The expenditure was incurred evenly through the year.
What amount of interest should be capitalized in year ended Oct, 31 2009?
(B) IAS-33
Net profit for year ended December 31,2007
Rs.
1,300
weighted average number of ordinary shares outstanding during 2007
200 shares
Average value of one ordinary share during year 2007
Rs.
25
Weighted average number of share under option during 2007
80 shares
Exercise price for shares under option during year 2007
Rs.
20
Required:
Compute basic and diluted earning per share.