Bates Ltd Has 6,000,000 Ordinary Shares on Issue at the Beginning

question 13

Multiple Choice

Bates Ltd has 6,000,000 ordinary shares on issue at the beginning of the year,1 July 2003.These shares were issued at $4.00 each and have a current market value of $6.25.On 1 February 2004,Bates Ltd bought back 300,000 ordinary shares originally issued at $4.50 for $5.60 each.On 1 May 2004,1,000,000 fully paid-up shares were issued at the current market value.What is the weighted average number of shares calculated in accordance with AASB 1027?

• A) 6,059,452
• B) 6,196,552
• C) 6,041,096
• D) 6,627,397
• E) None of the given answers.

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Definitions:

Emotional Stability

a personality trait signifying a person's ability to remain calm and composed, especially in stressful situations.

Reciprocal Determinism

A concept in psychology introduced by Albert Bandura that suggests individual behavior, environmental factors, and personal cognitive factors mutually influence each other.

Minnesota Multiphasic Personality Inventory

A standardized psychometric test of adult personality and psychopathology used to diagnose mental disorders.

Empirically Derived

Developed or derived from practical experience and observation rather than theory or pure logic, often through systematic scientific experimentation.