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    javee's Avatar
    javee Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 25, 2008, 12:26 AM
    advance fin acc
    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's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 25, 2008, 12:30 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
    mc060400844's Avatar
    mc060400844 Posts: 1, Reputation: 1
    New Member
    		  
    #3

    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.
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