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:

Latent Infection

A phase of infection in which the virus or bacteria is present within the host without causing any noticeable symptoms or disease.

Dormant

A state of minimal activity or dormancy, where growth, development, and physical activity are temporarily stopped.

Pathogen

A biological agent that causes disease or illness to its host.

Antibiotics

Medications used to treat bacterial infections, working by killing bacteria or inhibiting their growth.