Benjy Ltd Has 8 000 000 Ordinary Shares on Issue

question 57

Multiple Choice

Benjy Ltd has 8 000 000 ordinary shares on issue at the beginning of the year,1 July 2015.These shares were issued at $1.00 each and have a current market value at the end of the period of $5.20.On 1 September 2015,Benjy Ltd bought back 1 000 000 ordinary shares originally issued at $1.50 for $4.00 each.On 1 February 2016,2 000 000 shares were issued at the current market value of these shares.On 1 March 2016,900 000 partly paid-up ordinary shares were issued at an issue price of $5.00.These shares were partly paid to $4.00.Shares are not granted proportionate rights to receive dividends.This right attaches only when the shares are fully paid.The shares,however,do provide a proportionate right to vote at annual general meetings.What is the weighted-average number of shares calculated in accordance with AASB 133?

• A) 8 232 438
• B) 8 083 333
• C) 7 991 781
• D) 8 803 333

---

Definitions:

EHR Program

An Electronic Health Records program, which is a digital version of a patient's paper chart and medical history.

Electronic Medical Record

A digital version of a patient's paper chart, containing their medical history, diagnoses, medications, treatment plans.

Progress Note

A record kept by healthcare professionals detailing the clinical status or achievements of a patient during a hospital stay or outpatient visit.

Correction Tab

A feature or a tool typically found in word processors and text editors used for making corrections in a document.