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Applying the tests for identifying a reportable segment in accordance with AASB 8, which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?   mechanical engineering and retailing, 75 per cent test satisfied; industrial manufacturing, mechanical engineering and retailing, 75 per cent test satisfied; project consulting, mechanical engineering and retailing, 75 per cent test satisfied; industrial manufacturing, project consulting, mechanical engineering and retailing, 75 per cent test satisfied; B) IMAGE 2   Richmond Ltd has the following potential ordinary shares on issue as at 30 June 2009: 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? 14 063 18 750 31 343 33 582

Applying the tests for identifying a reportable segment in accordance with AASB 8, which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?   mechanical engineering and retailing, 75 per cent test satisfied; industrial manufacturing, mechanical engineering and retailing, 75 per cent test satisfied; project consulting, mechanical engineering and retailing, 75 per cent test satisfied; industrial manufacturing, project consulting, mechanical engineering and retailing, 75 per cent test satisfied; B) IMAGE 2   Richmond Ltd has the following potential ordinary shares on issue as at 30 June 2009: 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? 14 063 18 750 31 343 33 582

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1

A)

The following segment information relates to Tolkein Enterprises:

IMAGE 1

 

Applying the tests for identifying a reportable segment in accordance with AASB 8, which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?

 

  1. mechanical engineering and retailing, 75 per cent test satisfied;
  2. industrial manufacturing, mechanical engineering and retailing, 75 per cent test satisfied;
  3. project consulting, mechanical engineering and retailing, 75 per cent test satisfied;
  4. industrial manufacturing, project consulting, mechanical engineering and retailing, 75 per cent test satisfied;

B) IMAGE 2

 

Richmond Ltd has the following potential ordinary shares on issue as at 30 June 2009:

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?

  1. 14 063
  2. 18 750
  3. 31 343
  4. 33 582

Note:PLease provide the right answer for both part A and B . Its MCQ question just provide the answer only from the options given.

Business segment Segment revenue ($000) External Industrial Project consulting Mechanical Retailing 30 200 900 870 2 000 Total 500 200 960 870 2 530
Transcribed Image Text:Business segment Segment revenue ($000) External Industrial Project consulting Mechanical Retailing 30 200 900 870 2 000 Total 500 200 960 870 2 530
No. of options Exercise price Expiry date Executive options issued 1 July 2006 100 000 $2.80 30 June 2010 Employees options Employees options issued 1 July 2007 issued 1 July 2008 200 000 $3.10 30 June 2012 150 000 $3.30 30 June 2013
Transcribed Image Text:No. of options Exercise price Expiry date Executive options issued 1 July 2006 100 000 $2.80 30 June 2010 Employees options Employees options issued 1 July 2007 issued 1 July 2008 200 000 $3.10 30 June 2012 150 000 $3.30 30 June 2013
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