Financial Accounting and Reporting - FAC1601 (FAC1601)
Exam (elaborations)
FAC1601 Assignment 3 Semester 1 2024 (214921)
64 views 1 purchase
Module
Financial Accounting and Reporting - FAC1601 (FAC1601)
Institution
University Of South Africa
Book
Financial Accounting and Reporting
FAC1601 Assignment 3 2024 (UNIQUE NO. 214921) - DUE 30 April 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........
Question 1 Not yet answered Marked out of 3.00 QUIZ This information relates to questions...
Assessment 3
Open course index Open
block drawer Back
Closes 30 April 2024
Question 1
Not yet answered
Marked out of 2.00
Assume that the total number of ordinary shares issued before the capitalisation is 540 000. Which one of the following
alternatives represents the correct number of capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024?
a. 82,500
b. 2,160,000
c. 118,910
d. 135,000
e. 2,000,000
Clear my choice
Question 2
Not yet answered
Marked out of 2.00
Assume that the total number of capitalisation shares issued is 110 000. Which one of the following alternatives represents
the correct value of the capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024?
a. R 242,000
b. R 1,890,669
c. R 2,000,000
d. R 1,749,000
e. R 2,146,500
, lOMoARcPSD|21997160
Question 3
Not yet answered
Marked out of 3.00
This information relates to questions 1 - 5 below:
A protable 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.
The company's nancial year-end is April 30.
Below are the share transactions recorded for Tswelelopele Ltd since incorporation:
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
b. 475,640
c. 245,000
d. 330,000
e. 2,150,500
Clear my choice
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LIBRARYpro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.22. You're not tied to anything after your purchase.
