Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bates Ltd has 6 000 000 ordinary shares on issue at the beginning of the year, 1 July 2008. These shares were issued at $4.00

image text in transcribed
image text in transcribed
Bates Ltd has 6 000 000 ordinary shares on issue at the beginning of the year, 1 July 2008. These shares were issued at $4.00 each and have a current market value of $6.25. On 1 February 2009, Bates Ltd bought back 300 000 ordinary shares originally issued at $4.50 for $5.60 each. On 1 Maj.r 2009, 1 000 000 fully paid-up shares were issued for $6.00 each. The current market value of these shares is $6.25. \"What is the weighted average number of shares calculated in accordance with AASB 102 2? A: 6 043 634 B: 6 196 552 C: 6 041 096 D: 6 62? 39? E: None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for creating and managing value

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

8th edition

9781760420413 , 978-1760420406

More Books

Students also viewed these Accounting questions