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Cooren Plc Has 1 520 000 Ordinary Shares on Issue

Question 37

Multiple Choice

Cooren Plc has 1 520 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at £2.00 each and have a current market value of £3.50.On 1 October 2014,400 000 ordinary fully paid shares were issued for at the current market value of these shares.On 1 March 2015 Cooren Ltd bought back 100 000 shares originally issued at £2.50 for £3.25 each.What is the weighted-average number of shares calculated in accordance with IAS 33?


A) 1 515 178
B) 1 785 753
C) 1 751 707
D) 1 820 000

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