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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Definitions:

Performance Deterioration

A decline or reduction in the efficiency, quality, or effectiveness of an individual's or group's work performance over time.

Motivation To Transfer

The level of an individual's intention or desire to apply the skills and knowledge gained from training back to their job or daily activities.

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, problem-solving, and decision-making.

Self-Efficacy

A person's confidence in their capability to accomplish tasks and realize objectives.