XYZ Ltd Has 10 000 Ordinary Shares on Issue at 1

XYZ Ltd has 10 000 ordinary shares on issue at 1 July 2015 which is the beginning of its reporting period. On 1 May 2016, it issued a further 2000 ordinary shares for cash. The weighted average number of shares for use in the earnings per share calculation is:

A) 10 000 shares
B) 10 333 shares
C) 11 000 shares
D) 12 000 shares

Correct Answer:

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