According to IAS 33,the Number of Shares Included in the Weighted-Average

question 15

Multiple Choice

According to IAS 33,the number of shares included in the weighted-average number of shares is determined by:

• A)the number of shares that meet the definition of ordinary shares as at the end of the reporting period.
• B)the number of shares that are on issue as ordinary shares for part or all of the period.
• C)the number of ordinary shares (that meet the definition of ordinary shares) at the beginning of the period plus any ordinary shares issued during the period less any reductions in ordinary shares during the period.
• D)the number of ordinary shares (as defined) that are issued or partly paid up at the beginning of the period plus any shares issued during the period whether fully or partly paid up.

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Definitions:

Accounts Payable Balance

The total amount of money that a company owes to its suppliers or creditors for items or services purchased on credit.

Sales

Revenue generated from goods or services sold by a company in a specific period.

COGS

Short for Cost of Goods Sold, it represents the direct costs attributable to the production of the goods sold by a company.

Factoring Costs

Expenses associated with selling accounts receivable to a third party, commonly referred to as a factor, to improve cash flow.