Bates Ltd Has 6 000 000 Ordinary Shares on Issue

question 74

Multiple Choice

Bates Ltd has 6 000 000 ordinary shares on issue at the beginning of the year,1 July 2013.These shares were issued at $4.00 each and have a current market value of $6.25.On 1 February 2014,Bates Ltd bought back 300 000 ordinary shares originally issued at $4.50 for $5.60 each.On 1 May 2014,1 000 000 fully paid-up shares were issued at the current market value.What is the weighted-average number of shares calculated in accordance with AASB 133?

• A) 6 059 452
• B) 6 196 552
• C) 6 041 096
• D) 6 627 397

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Definitions:

IV Catheter

A tube inserted into a vein, usually for the administration of fluids, medications, or to draw blood.

Aldosterone

Mineralocorticoid steroid hormone produced by the adrenal cortex with action in therenal tubule to regulate sodium and potassium balance in the blood.

Sodium and Water

Vital components for physiological functions, closely regulated to maintain fluid balance, nerve transmission, and muscle function in the body.

Excretion

The process of removing waste substances from the body, primarily performed by organs like the kidneys, liver, skin, and lungs.