Revision question on IAS 33 earning per share (basic and diluted)

ii) On 1st April 2015 Bongo Trust issued Tsh 20 million 8% convertible loan stock at par. The terms of the conversion (on 1st April 2018) are that for every Tsh 100 of loan stock, 50 ordinary shares will be issued at the option of loan stockholders. Alternatively, the loan stock will be redeemed at par for cash. Also, on … Read the rest