Cooren Plc Has 1 520 000 Ordinary Shares on Issue

question 43

Multiple Choice

Cooren Plc has 1 520 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at £2.00 each and have a current market value of £3.50.On 1 October 2014,400 000 ordinary fully paid shares were issued for at the current market value of these shares.On 1 March 2015 Cooren Ltd bought back 100 000 shares originally issued at £2.50 for £3.25 each.What is the weighted-average number of shares calculated in accordance with IAS 33?

• A)1 515 178
• B)1 785 753
• C)1 751 707
• D)1 820 000

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Definitions:

Contingent Operation

An operation or process that is dependent on certain conditions or events, which are usually uncertain or variable.

Supersystem

is a complex system made up of multiple interconnected and interdependent systems, functioning as a comprehensive whole.

Organisational Purpose

The fundamental reason for an organization's existence, often reflected in its mission or vision statements, driving its goals, strategies, and actions.

Innovation

The process of creating new ideas, products, or methods, including the application of better solutions to meet new requirements or existing market needs.