Fitzroy Ltd Has the Following Potential Ordinary Shares on Issue

question 30

Multiple Choice

Fitzroy Ltd has the following potential ordinary shares on issue as at 30 June 2009:

The closing price for Fitzroy Ltd shares on 30 June 2009 was $3.35 and the average share price for the period was $3.20.
Which of following statements is correct with respect to the determination of a dilutive security that is in accordance with AASB 133 "Earnings per Share"?

• A) Executive options (issued on 1 July 2006) and employee options (issued on 1 July 2007) are both dilutive.
• B) Executive options (issued on 1 July 2006) and employee options (issued on 1 July 2008) are both dilutive.
• C) Employee options (issued on 1 July 2007) and employee options (issued on 1 July 2008) are both dilutive.
• D) All the above potential ordinary shares are dilutive.
• E) None of the given answers potential ordinary shares are dilutive

Grasp the use of exchange rates (historical rate, spot rate, closing rate) in foreign currency transactions and financial reporting.

Understand the impact of fluctuating exchange rates on financial statements.

Gain knowledge on the treatment of gains or losses on foreign currency transactions and how to account for them.

Learn about the concept and application of hedge accounting under IFRS, including the distinctions between cash-flow and fair-value hedges.

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Definitions:

Political Allies

Countries or entities that support each other politically, often due to shared interests, values, or objectives.

Reconstruction

The period after the Civil War (1865-1877) in the United States, focused on rebuilding the Southern states from the Confederacy and integrating freed slaves into society.

Economic Opportunities

Prospects for participation in the labor market and the chance to engage in profitable ventures or activities, often influencing migration patterns and personal choices.

Gender Roles

The societal norms dictating the behaviors, tasks, and responsibilities considered appropriate for men and women.