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Beuno Plc Has 3 000 000 Ordinary Shares on Issue

Question 24

Multiple Choice

Beuno Plc has 3 000 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at £2.00 each and at the end of the period have a current market value of £4.50.On 1 August 2014,Beuno Plc bought back 600 000 ordinary shares originally issued at £2.50 for £3.00 each.On 1 November 2014,500 000 shares were issued fully paid up at the current market value of these shares.On 1 March 2015,200 000 partly paid-up ordinary shares were issued at an issue price of £3.50.These shares were partly paid to £2.00.The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price.What is the weighted-average number of shares calculated in accordance with IAS 33?


A) 2 782 466
B) 2 797 613
C) 2 799 918
D) 2 820 665

Correct Answer:

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