Richmond Ltd Has the Following Potential Ordinary Shares on Issue

Richmond Ltd has the following potential ordinary shares on issue as at 30 June 2009: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { Executive options } \\\text { issued 1 July 2006 }\end{array} & \begin{array} { l } \text { Employees options } \\\text { issued 1 July 2007 }\end{array} & \begin{array} { l } \text { Employees options } \\\text { issued 1 July 2008 }\end{array} \\\hline \text { No. of options } & 100000 & 200000 & 150000 \\\hline \text { Exercise price } & \$ 2.80 & \$ 3.10 & \$ 3.30 \\\hline \text { Expiry date } & 30 \text { June } 2010 & 30 \text { June } 2012 & 30 \text { June } 2013 \\\hline\end{array}$$ 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?

A) 14 063
B) 18 750
C) 31 343
D) 33 582

Correct Answer:

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