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?
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College Accounting Ch 1-12
Authors: Dansby
5th Edition
0763834955, 978-0763834951
