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FAC1601 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED QUESTIONS AND ANSWERS CA$8.01   Add to cart
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Exam (elaborations)

FAC1601 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED QUESTIONS AND ANSWERS

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  • Course
  • Financial Accounting (FAC1601)
  • Institution
  • University Of South Africa (Unisa)

THIS DOCUMENT CONTAINS CAREFULLY WORKED OUT FAC1601 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USING IT CORRECTLY AS A GUIDE WILL HELP YOU SCORE ABOVE 75%

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Document information

  • April 27, 2024
  • 24
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fac1601 assessment 3 sem 1 of 2024

Written for

  • University of South Africa (Unisa)
  • Financial Accounting (FAC1601)
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This information relates to questions 1 - 5 below:
A profitable cattle feed production company, Tswelelopele Ltd, was incorporated
with an authorised share capital of 900,000 NPV ordinary shares and 600,000 6.5%
preference shares.
OSCAR THE TUTOR The company's financial year-end is April 30.
oscardiura@gmail.com
WHATSAPP: 0737560989Below are the share transactions recorded for Tswelelopele Ltd since
+27844708483 for incorporation:
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC On May 1, 2022, 105,000 ordinary shares were issued to subscribers at R8.5 per
share.
On June 18, 2022, 225,000 ordinary shares and 260,000 6.5% preference shares
were issued to the public at R10.50 each and R11.20 each, respectively.
On July 31, 2023, 102,000 6.5% preference shares were issued at R20.20 each.
On March 25, 2024, the share capital for ordinary shares increased by R1,820,500.
These shares were issued at R12.50 each.



On April 15, 2024, the directors of Tswelelopele Ltd approved a capitalisation issue
of 1 share for every 4 ordinary shares held at R15.9 per share.


On April 30, 2024, the board of Tswelelopele Ltd declared an ordinary dividend of
R0.45 per share, payable during May 2024. The company met the liquidity and
solvency requirements.

Which one of the following alternatives represents the correct total number of
ordinary shares issued by Tswelelopele Ltd as at 31 March 2024?


a. 300,000 145640+225000+105000
b. 2,150,500
c. 330,000
d. 245,000
OSCAR THE TUTOR
e. 475,640 oscardiura@gmail.com
WHATSAPP: 0737560989
Clear my choice +27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC


Question 2 Assume that the total number of ordinary shares issued before the capitalisation
Answer saved is 540 000. Which one of the following alternatives represents the correct number
Marked out of
of capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024?
2.00

Flag a. 135,000
question 1/4*475670
b. 2,000,000
c. 82,500
d. 2,160,000

, e. 118,910 OSCAR THE TUTOR
oscardiura@gmail.com
Clear my choice WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC

Question 3 Assume that the total number of capitalisation shares issued is 110 000. Which
Answer saved one of the following alternatives represents the correct value of the capitalisation
Marked out of
shares to be issued by Tswelelopele Ltd on 15 April 2024?
2.00

Flag a. R 1,890,669 15.9*110000
question
b. R 1,749,000
c. R 2,146,500
d. R 242,000
OSCAR THE TUTOR
e. R 2,000,000 oscardiura@gmail.com
WHATSAPP: 0737560989
Clear my choice +27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA
MNG DSC


Question 4 Assume that the total number of shares issued before the capitalisation and the
Answer saved capitalisation shares issued is 540 000 and 110 000 respectively. Which one of the
Marked out of following alternatives represents the correct amount of ordinary share dividend by
2.00 Tswelelopele Ltd on 30 April 2024?
Flag 650000*0.45
question a. R 225,000
b. R 135,000
c. R 148,500
d. R 292,500
e. R 90,000
OSCAR THE TUTOR
Clear my choice oscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC
Question 5 Which one of the following alternatives represents the correct amount of
Answer saved preference share dividend by Tswelelopele Ltd on 30 April 2024?
Marked out of
5.00
a. R 320,000
Flag
question b. R 289,725
0.065*260000*11.2+9/12*0.065*102000*20.2
c. R 189,280
d. R 323,206
e. R 189,000
OSCAR THE TUTOR
oscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC

, Clear my choice




OSCAR THE TUTOR
oscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
DSC

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