CAF-6 · Chapter 11 · Question 6 of 15
When calculating the weighted average number of shares, when are shares issued for cash generally included?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) From the date consideration is receivable.
Explanation
Unlike bonus issues, shares issued for cash provide new resources and are time-weighted from the date the consideration is receivable (usually the issue date).
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