Question 1

A)

The following segment information relates to Tolkein Enterprises:

Applying the tests for identifying a reportable segment in accordance with AASB 8, which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?

1. mechanical engineering and retailing, 75 per cent test satisfied;
2. industrial manufacturing, mechanical engineering and retailing, 75 per cent test satisfied;
3. project consulting, mechanical engineering and retailing, 75 per cent test satisfied;
4. industrial manufacturing, project consulting, mechanical engineering and retailing, 75 per cent test satisfied;

B)

Richmond Ltd has the following potential ordinary shares on issue as at 30 June 2009:

The closing price for Richmond Ltd shares on 30 June 2009 was $3.35 and the average share price for the period was $3.20.

What is the total number of shares deemed issued for no consideration for all of above potential ordinary shares that is in accordance with AASB 133 Earnings per Share?

1. 14 063
2. 18 750
3. 31 343
4. 33 582

Note:PLease provide the right answer for both part A and B . Its MCQ question just provide the answer only from the options given.

\begin{tabular}{|l|r|r|} \hline Business segment & \multicolumn{2}{|l|}{ Segment revenue ($000)} \\ \hline & External & \multicolumn{1}{l|}{ Total } \\ \hline Industrial & 30 & 500 \\ \hline Project consulting & 200 & 200 \\ \hline Mechanical & 900 & 960 \\ \hline Retailing & 870 & 870 \\ \hline & 2000 & 2530 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & Executiveoptionsissued1July2006 & Employeesoptionsissued1July2007 & Employeesoptionsissued1July2008 \\ \hline No. of options & 100000 & 200000 & 150000 \\ \hline Exercise price & $2.80 & $3.10 & $3.30 \\ \hline Expiry date & 30 June 2010 & 30 June 2012 & 30 June 2013 \\ \hline \end{tabular}