Lok Ltd determined its profit attributable to ordinary shareholders for the reporting period ended 30 June 2022 as $840,000. The number of ordinary shares on issue up to 31 October 2022 was 50,000. Lok Ltd announced a two for one bonus issue of shares effective for each ordinary share outstanding at 31 October 2022. Basic earnings per share at 30 June 2023 is:

AASB133 applies to the computation and presentation of earnings per share by:

The basic earnings per share and diluted earnings per share must be presented in an entitys:

Financial instruments are separated into two categories. They are:

Which of the following is an example of an adverse effect of financial liabilities?

The classification of a financial instrument on the statement of financial position of an entity is governed by the priciple of:

Which of the following is not an example of a risk of ownership of an asset?

Which of the following is included within the scope of AASB16/ IFRS 16?

In a share based payment transaction where the entity has settlement choice, which of the following statements is true:

James Ltd grants 1,000 share options to each of its 50 employees. Each grant is conditional on the employee working for the company for the next two years. The fair value of each option is estimated to be $10 at the grant date and $14.50 at vesting date. The amount to be recognized as an expense by James Ltd in year 2 is: