Cooren Ltd has 1,520,000 ordinary shares on issue at the beginning of the year,1 July 2004.These shares were issued at $2.00 each and have a current market value of $3.50.On 1 October 2004,400,000 ordinary fully paid shares were issued for at the current market value of these shares.On 1 March 2005 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 AASB 133?

Question

Quizplus · Accepted Answer

The Answer of Cooren Ltd has 1,520,000 ordinary shares on issue at the beginning of the year,1 July 2004.These shares were issued at $2.00 each and have a current market value of $3.50.On 1 October 2004,400,000 ordinary fully paid shares were issued for at the current market value of these shares.On 1 March 2005 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 AASB 133?

Cooren Ltd Has 1,520,000 Ordinary Shares on Issue at the Beginning