Question
ABC Ltd has 1423000 ordinary shares on issue at the beginning of the year, 1 July 2020. These shares were issued at $2.00 each and
ABC Ltd has 1423000 ordinary shares on issue at the beginning of the year, 1 July 2020. These shares were issued at $2.00 each and have a current market value of $3.50. On 1 October 2020, 587000 fully paid ordinary shares were issued at the current market value. On 1 March 2021 ABC Ltd bought back 233000 shares originally issued at $2.00 for $3.25 each.
What is the weighted-average number of shares as of 30 June 2021 in accordance with AASB 133?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
