Beuno Ltd Has 3 000 000 Ordinary Shares on Issue

question 55

Multiple Choice

Beuno Ltd has 3 000 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at $2.00 each and at the end of the period have a current market value of $4.50.On 1 August 2014,Beuno Ltd bought back 600 000 ordinary shares originally issued at $2.50 for $3.00 each.On 1 November 2014,500 000 shares were issued fully paid up at the current market value of these shares.On 1 March 2015,200 000 partly paid-up ordinary shares were issued at an issue price of $3.50.These shares were partly paid to $2.00.The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price.What is the weighted-average number of shares calculated in accordance with AASB 133?

• A) 2 782 466
• B) 2 797 613
• C) 2 799 918
• D) 2 820 665

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