Calculating shares issued from financial records

Steps:

• Review the statement of changes in equity for ordinary shares at the start of the year.
• Identify new share issuances recorded during the period, such as rights issues or allotments.
• Subtract opening balance from closing balance, adjusting for any repurchases or cancellations.
• Confirm the net issuance figure matches the question's timeframe ending 30 April 2019.

Why C is correct:

• 400,000 represents the net ordinary shares issued, per the equity statement's issuance line item under IFRS definitions.

Why the others are wrong:

• A: 200,000 ignores half the issuance, likely confusing with prior year data.
• B: 240,000 adds unrelated premium amounts to base shares.
• D: 480,000 double-counts by including closing balance instead of net issuance.

Not enough information to verify without full financial statements.

Final answer: C