On a 1 July 2006,Mayorga Ltd has 3,000,000 ordinary shares on issue at the beginning of the year.During the year the movements in the company's outstanding ordinary shares are as follows: On 1 August 2006,a rights issue of 600,000 ordinary shares at current market price of $2.50.
On 1 March 2007,200,000 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 for Mayorga Ltd for the year ending 30 June 2007 that is in accordance with AASB 133 "Earnings per share"?

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The Answer of On a 1 July 2006,Mayorga Ltd has 3,000,000 ordinary shares on issue at the beginning of the year.During the year the movements in the company's outstanding ordinary shares are as follows: On 1 August 2006,a rights issue of 600,000 ordinary shares at current market price of $2.50.
On 1 March 2007,200,000 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 for Mayorga Ltd for the year ending 30 June 2007 that is in accordance with AASB 133 "Earnings per share"?

On a 1 July 2006,Mayorga Ltd Has 3,000,000 Ordinary Shares