Exam (elaborations)
FAC1601 ASSIGNMENT 3 FOR 2024
- Institution
- University Of South Africa (Unisa)
FAC1601 ASSIGNMENT 3 FOR 2024
[Show more]
Content preview
FAC1601ASSIGNMENT 3 FOR 2024
FEND TUTORIALS
,Question 1
Not yet answered
Marked out of 3.00
Flag question
Question text
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.
The company's financial 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.
330,000
b.
2,150,500
c.
475,640
d.
Whatsapp Marlvin @ +2763 173 8181
,300,000
e.
245,000
Clear my choice
Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
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.
118,910
b.
82,500
c.
135,000
d.
2,160,000
e.
2,000,000
Clear my choice
Question 3
Not yet answered
Marked out of 2.00
Flag question
Question text
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 2,146,500
Whatsapp Marlvin @ +2763 173 8181
, b.
R 1,890,669
c.
R 2,000,000
d.
R 1,749,000
e.
R 242,000
Clear my choice
Question 4
Not yet answered
Marked out of 2.00
Flag question
Question text
Assume that the total number of shares issued before the capitalisation and the capitalisation shares issued
is 540 000 and 110 000 respectively. Which one of the following alternatives represents the
correct amount of ordinary share dividend by Tswelelopele Ltd on 30 April 2024?
a.
R 135,000
b.
R 292,500
c.
R 90,000
d.
R 148,500
e.
R 225,000
Clear my choice
Question 5
Not yet answered
Marked out of 5.00
Flag question
Question text
Whatsapp Marlvin @ +2763 173 8181
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 EFT, credit card or Stuvia-credit 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FENDTUTORIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84146 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now