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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